(1) The Minister may make regulations—
(a) regulating the loading, unloading or making waterborne for loading of goods carried, or to be carried, by way of coasting trade; and
(b) prescribing the procedure to be followed by—
(i) coasting vessels on their arrival at or departure from any port, and
(ii) coasting aircraft on their arrival at or departure from any airport;
(c) permitting the Comptroller to make directions, and different regulations may be made in respect of coasting vessels and coasting aircraft.
(2) Without prejudice to the generality of subsection (1), regulations made under that subsection may provide for the imposition of a fine of an amount not exceeding $5,000 for any contravention of or failure to comply with any such regulation or any direction given under any such regulation, and for the forfeiture of any goods involved in any such offence.