IOPC Fund definition

IOPC Fund means the fund established by the Fund Convention.
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IOPC Fund means The International Oil Pollution Compensation Fund 1992 established under the provisions of the 1992 Fund Convention;
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IOPC Fund means the International Oil Pollution Compensation Fund established under the provisions of the Fund Convention;
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Examples of IOPC Fund in a sentence

  • The most developed liability regime has been established by the 1992 International Convention on Civil Liability for Oil Pollution Damage (CLC 1992), complemented by the 1992 Convention creating the International Oil Pollution Fund (IOPC Fund) and the 2003 Protocol creating a Supplementary Fund with the same objective.

  • Secondly, oil pollution claimants under the CLC are given the additional protection of the second tier of liability provided by the IOPC Fund, and now the third tier Supplementary Fund.223 The Bunker Oil Convention is a one-tier convention; this is a necessary consequence of it being a stand-alone convention, not allied with the CLC or HNS Convention, and where there is no recognisable industry body which could finance a second tier.

  • The International Oil Pollution Compensation Fund 1992, generally referred to as the IOPC Fund 1992 or the 1992 Fund was set up under the 1992 Fund Convention.

  • The IOPCF consists of two Funds: the 1992 IOPC Fund and the 2003 Supplementary Fund.

  • The Assembly of the IOPC Fund 1992 established an HNS Focus Group which produced a Draft Protocol to the Convention.

  • It should be born in mind that international compensation regimes include wildlife response as one of the issues that can be included in a claim (see the Claims Manual published by the IOPC Fund in 20084).

  • In the case of major tanker spills, the club involved will usually set up a claims office locally in collaboration with the IOPC Fund to handle claims.

  • The Administrator of the SOPF is a party by statute to any litigation in the Canadian courts commenced by a claimant against a shipowner, its guarantor, or the 1992 IOPC Fund.

  • The 1992 CLC and the 1992 IOPC Fund Convention do not, by their definition of pollution dam- age, cover this latter sort of compensation provided by the NRDA regulations or other theoretically based assessments of environmental damage.

  • At the March 2001 sessions of the Third Intersessional Work- ing Group of the 1992 IOPC Fund, ITOPF presented its views on compensation for environmen- tal damages under the international 1992 Civility Liability and Fund Conventions.


More Definitions of IOPC Fund

IOPC Fund means the International Oil Pollution Compensation Fund
Sample 1
IOPC Fund means the International Oil Pollution Compensation Fund established by the Fund Convention;
Sample 1

Related to IOPC Fund

  • Sub-Fund means a segregated pool of assets and liabilities into which the Trust Fund is divided, established under the Trust Deed and the relevant supplemental deed as a separate trust as described in the relevant Appendix.

  • Endowment fund means an institutional fund or part thereof that, under the terms of a gift instrument, is not wholly expendable by the institution on a current basis. The term does not include assets that an institution designates as an endowment fund for its own use.

  • Enterprise Fund means the enterprise fund of the Recipient in which Revenues are deposited.

  • Public fund means the state treasurer or a retirement system.

  • Program fund means the program fund created under Section 53B-8a-107,

  • Provident Fund means any fund (other than a pension fund, benefit fund or retirement annuity fund) which is approved by the Minister in respect of the year of assessment in question: Provided that the Minister may approve a fund subject to such limitations or conditions as he or she may determine, and shall not approve a fund in respect of any year of assessment unless he or she is in respect of that year of assessment satisfied -

  • Investment Fund has the same meaning as in National Instrument 81-106 Investment Fund Continuous Disclosure;

  • Public funds means money belonging to the government.

  • Revenue Fund means the fund so designated in, and created pursuant to, Section 502 hereof.

  • Loan Fund means the special fund created by the RECIPIENT for the repayment of the principal of and interest on the loan. “Loan Security” means the mechanism by which the RECIPIENT pledges to repay the loan.

  • Member Account means the regular account and the variable account.

  • Harbor Fund Van Xxxxxx Xxxrican Capital High Income Corporate Bond Fund ("High Income Corporate Bond Fund")

  • Pension Fund means any person that: (i) is organized under the laws of a Contracting State; (ii) is established and maintained in that Contracting State primarily to administer or provide pensions or other similar remuneration, including social security payments; and (iii) is exempt from tax in that Contracting State with respect to the activities described in clause (ii).

  • Program Funds means all funds that are required to be deposited into the Non-profit School Food Service Account.