This Act amends the Shipping Act with respect to the business of shipping agent and related matters. This amendment widens the application sphere of the Act so as to include also the regulation of agents for vessels whilst they are in Kiribati waters. This Act applies to both Kiribati and foreign registered ships. Any person who wishes to become an agent in Kiribati should be licensed in accordance with the requirements of this Act. A person must apply to the Minister for the licence, pay a fee for such licence and provide a security for the due performance of the duties and obligations of an agent under this Act. The agent for a vessel shall be liable for any costs incurred by a vessel for which he or she is agent and is also liable for all outstanding financial obligations of the owner or master of the vessel if the vessel is outside Kiribati waters.