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.
(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).
(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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