Section 512: Proceeds how applied.––The proceeds of such sale as referred to in section 511, shall, — Pakistan Merchant Shipping Ordinance, 2001

Current legal status not independently verified — Source: Pakistan Code (single official PDF, 2026-08-21). Whether this provision is still in force has not been independently verified.

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512. Proceeds how applied.––The proceeds of such sale as referred to in section 511, shall, after defraying all expenses thereof including salvage charges, be held by the receiver for the same purposes arid subject to the same claims, rights and liabilities as set out hereinafter in this Ordinance.

Effective date: 2001-01-01

Related sections

Section 511: Wrecks may in certain cases be sold Section 513: Removal of wreck by harbour or conservancy authority Section 510: Notice to be given by receiver.––The receiver shall, as soon as may be, after Section 514: Claims of owners to wrecks Section 509: Taking wreck to foreign port.––If any person takes into any foreign port any vessel,Section 515: Interfering with wrecked vessel or wreck

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