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 114.1 and 114.2 and amounts recovered under section 115;

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

  • (b.1) the amount of every sum credited to that Fund under section 93.1 or subsection 111(1) or 111.1(1), (2) or (3);

  • (c) any amounts recovered by the Administrator under paragraph 106(3)(c) or 106.3(5)(b);

  • (c.1) any amounts received by the Administrator further to the notice given under subsection 106.02(3) or paragraph 106.04(1)(b) or recovered under section 106.05;

  • (d) any amounts received by the Administrator further to the notice given under subsection 106.4(3) or paragraph 106.6(1)(b) or recovered under section 106.7; and

  • (e) interest computed in accordance with section 111.2.

• Marginal note:Charges

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

  • (a) an amount equal to every amount required to repay, in accordance with any terms and conditions specified by the Minister of Finance, an amount charged to the Consolidated Revenue Fund under section 93.1;

  • (a.1) all amounts that are directed to be paid under paragraph 106(3)(a) or 106.04(1)(c), subsection 106.3(4) or section 117 or under a settlement;

  • (a.2) all amounts that are charged to the Ship-source Oil Pollution Fund under subsection 110(1) or (2);

  • (b) all amounts for which the Administrator is liable under subsection 117.2(4);

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

  • (d) every amount paid out of the Consolidated Revenue Fund under subsection 98(1.2); and

  • (e) [Repealed, 2023, c. 26, s. 332]

  • (f) the amount of any judgment and any costs awarded against the Ship-source Oil Pollution Fund in litigation.