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.
(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).
(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.
- 2001, c. 6, s. 92
- 2009, c. 21, s. 11
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