3. Piracy

Any person who dishonestly takes or appropriates any ship, by means of theft, force, intimidation, deception, fraud or by other similar means, shall be guilty of the offence of piracy and shall on conviction be punished, subject to the provisions of sections 8, 9 and 10 of this Act with imprisonment of either description for a term not less than 2—H 011603—5,550 (03/2001)

five years and not exceeding ten years and shall also be liable to a fine not less than one million rupees and not exceeding ten million rupees or of an amount equal to the value of the ship in respect of which the offence is committed, whichever is the greater.