(1) If a maritime incident occurs in respect of a vessel, the master of the vessel must report the maritime incident to MAST by the quickest practicable means.Penalty: Fine not exceeding 20 penalty units.(2) If a vessel is lost, presumed lost or abandoned, the owner of the vessel must report this situation to MAST by the quickest practicable means as soon as practicable after the owner becomes aware of the situation.Penalty: Fine not exceeding 20 penalty units.(3) It is a defence in proceedings for an offence under subregulation (2) if the defendant establishes that he or she knew, or reasonably believed, that the master of the vessel had already reported the situation to MAST.