Regulation 8—Administration of service charge (1) The Authority shall levy a service charge of two per cent of the gross freight value of a shipment to or from this country on a shipping line that operates in this country. (2) The Authority shall remit to the Ghana Maritime Authority fifty per cent of the total annual service charges received by the Authority. (3) A representative or an agent of a shipping line that operates in this country shall pay the service charge within a period of fourteen days after the receipt of the requisite invoice issued by the Authority. (4) Where the service charge imposed is not paid within the specified period, beginning on the day on which the service charge became due, the representative or agent of the shipping line shall pay to the Authority a penalty of ten percent of the unpaid amount of the service charge for every thirty days that the amount remains unpaid. (5) The Authority shall institute legal proceedings to recover the unpaid service charges and penalties as debts due and owed to the Authority. (6) Any recoveries from unpaid service charges shall be shared equally between the Authority and the Ghana Maritime Authority after a deduction of costs incurred in the recovery. (7) The Board of the Authority may for a stated reason grant an exemption in respect of the payment of the service charge or waive the payment of the service charge as the Board considers necessary. (8) The provisions of sub-regulation (1) to (5) do not apply to (a) Cargo for the Armed Forces; (b) Cargo for a Diplomatic or Consular Mission in this country; (c) Transit cargo; and (d) other exemptions in accordance with relevant legislation or directives.