(1) A ship which has no list shall not be overloaded to submerge the ship below the appropriate load line on each side of the ship.

(2) Where a ship which has a list is overloaded to submerge the ship below the appropriate load line, the extent of the overloading and submergence shall not exceed the extent required by the list.

(3) Where any ship is loaded in contravention of this section, the owner or master of the ship commits an offence and is liable on summary conviction to a fine not exceeding 500 penalty units or to a term of imprisonment not exceeding 2 years or to both and in addition a fine not exceeding 150 penalty units for every centimeter or part of it by which the appropriate load line on each side of the ship is submerged.

(4) In addition to any proceedings under this section, any ship which is loaded in contravention of this section may be detained until it ceases to be so loaded.