The master and the owner of a ship are each guilty of an offence if the ship's cargo record book--
(a) is not retained on the ship at least until the expiration of a period of one year after the day on which the last entry was made in the book, and
(b) is not made readily available for inspection at all reasonable times at least until the expiration of that period.
: Maximum penalty--(a) in the case of an individual--$22,000, or(b) in the case of a corporation--$110,000.
Editor's note : See Reg 15.5 of Annex II of MARPOL.