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(1) The maritime liens set out in section 66 are extinguished after a period of one year unless, prior to the expiring of the period, the vessel has been arrested or seized, and the arrest or seizure leads to a forced sale.

(2) The one-year period referred to in subsection (1) shall commence,

(a) with respect to the maritime liens set out in section 66 (a), from the date of the claimant's discharge from the vessel; or

(b) with respect to the maritime liens set out in section 66 (b) to (e), on the date when claims secured under the section arise, and are not subject to suspension or interruption, except that time shall not run during the period when the arrest or seizure of the vessel is not permitted by law.