1 Each Member shall make rules ensuring that,
in every case of loss or foundering of any ship, the shipowner shall
pay to each seafarer on board an indemnity against unemployment resulting
from such loss or foundering.
2 The rules referred to in paragraph 1 of this
Standard shall be without prejudice to any other rights a seafarer
may have under the national law of the Member concerned for losses
or injuries arising from a ship’s loss or foundering.