Marine Liability Act

Marginal note:Ship-source Oil Pollution Fund

• 77 (1) There is hereby established in the accounts of Canada an account known as the Ship-source Oil Pollution Fund.

• Marginal note:Credits

  (2) The following shall be credited to the Ship-source Oil Pollution Fund:

  • (a) all payments received under sections 93 and 99;

  • (b) interest computed in accordance with section 78; and

  • (c) any amounts recovered by the Administrator under paragraph 87(3)(c).

• Marginal note:Charges

  (3) The following shall be charged to the Ship-source Oil Pollution Fund:

  • (a) all amounts that are directed by the Administrator to be paid under section 76, paragraph 87(3)(a), paragraph 89(1)(a), subsection 89(6) or under a settlement;

  • (b) all amounts for which the Administrator is liable under subsection 76(2);

  • (c) all interest paid under section 101;

  • (d) all costs and expenses that are directed to be paid under section 82;

  • (e) the remuneration and expenses of assessors that are directed to be paid under subsection 89(2); and

  • (f) the amount of any judgment and any costs awarded against that Fund in litigation.