Marine Liability Act

Version of section 77 from 2003-01-01 to 2010-01-01:


Marginal note:Ship-source Oil Pollution Fund

  •  (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.

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