Marine Liability Act

Marginal note:Ship-source Oil Pollution Fund continued

• 92 (1) The account known as the Ship-source Oil Pollution Fund in the accounts of Canada is continued.

• Marginal note:Credits

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

  • (a) all payments received under sections 112 and 115;

  • (b) interest computed in accordance with section 93; and

  • (c) any amounts recovered by the Administrator under paragraph 106(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 paragraph 106(3)(a) or 108(1)(a), subsection 108(6) or section 117 or under a settlement;

  • (b) all amounts for which the Administrator is liable under subsection 117(3);

  • (c) all interest to be paid under section 116;

  • (d) all costs and expenses that are directed to be paid under section 98;

  • (e) the remuneration and expenses of assessors that are directed to be paid under subsection 108(2); and

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