Limits of Liability - Content
Limits of Liability and Compensation Per Incident for Oil Tanker Spills in Canada
Figure 1 shows the limits of liability and compensation available under the 1992 CLC and the 1992 IOPC Fund Convention. The Supplementary Fund provides $1.006 billion beyond the amount available under the CLC and IOPC Funds.
|International Conventions and Funds||$1,378,867,500|
|Total Domestic Fund (SOPF)||$168,656,700|
|Total Available to Canada||$1,547,524,200|
The aggregate amount available under the 1992 CLC, the 1992 IOPC Fund and the Supplementary Fund is $1.379 billion. The SOPF amount of $168.657 million, on top of the International Conventions, results in approximately $1.548 billion being available for a tanker spill in Canadian domestic waters, including the territorial sea and the exclusive economic zone.