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(1) Where it appears to be necessary for the purposes of giving effect to the Rome Convention, the President may, acting in accordance with the advice of the Authority, make an executive instrument,

(a) directing that the provisions set out in the instrument shall, in relation to aircraft registered in a country specified in the instrument, have effect instead of the provisions of this Act except section 30;

(b) that those provisions or any of those provisions shall, in relation to that aircraft, have effect subject to the modifications, adaptations and exceptions specified in the instrument; and

(c) which provides that an aircraft registered in the Republic shall not undertake a flight to or over a country referred to in the instrument, unless there is on board that aircraft the certificate relating to a policy of insurance, a security or a deposit of money in respect of the aircraft, which is a certificate in the form, and issued by the person, and containing the particulars, prescribed by the instrument.

(2) Where Parliament ratifies an amendment to the Rome Convention or to any other international agreement which has been ratified by Parliament, subsection (1) of this section shall have effect as if a reference in that subsection to the Rome Convention were a reference to the Rome Convention as amended.