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 established under the provisions of 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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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.

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

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

  • 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 IOPC Fund provides compensation for oil pollution damage from laden tankers over and above the liability of the owner of the vessel.

  • The Secretariat of the IOPC Fund made regular reports to the governing bodies of the IOPC Fund on the claims settlement process in respect of the Hebei Spirit incident.

  • Akan halnya kerusakan pencemaran di negara anggota IOPC Fund, klaim ke CRISTAL hanya dapat dilakukan apabila jumlah keseluruhan dari biaya kerusakan juga melebihi jumlah kompensasi yang tersedia di bawah Fund Convention.60Maksimum kompensasi dibayar di bawah CRISTAL, termasuk jumlah yag tersedia di bawah TOVALOP Supplement atau di bawah CLC Convention dan Fund Convention adalah US$ 36 juta untuk tanker ukuran sampai dengan 5.000 tons.

  • One of the Mandelstam variables is independent of the deformation parameter and so is analogous to kT in the above discussion.

  • 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.


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 -

  • Pre-Funding Account means the account designated as the Pre-Funding Account in, and which is established and maintained pursuant to Section 7.07.

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

  • Fresh Funds means funds that:

  • Public funds means money belonging to the government.

  • Subsidy Funds With respect to any Subsidy Loans, funds contributed by the employer of a Mortgagor in order to reduce the payments required from the Mortgagor for a specified period in specified amounts.

  • 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.

  • BlackRock Funds and “Trustees of BlackRock Funds” refer respectively to the trust created and the Trustees, as trustees but not individually or personally, acting from time to time under a Declaration of Trust dated December 22, 1988, as amended, which is hereby referred to and a copy of which is on file at the office of the State Secretary of the Commonwealth of Massachusetts and at the principal office of the Fund. The obligations of “BlackRock Funds” entered into in the name or on behalf thereof by any of the Trustees, officers, representatives or agents are made not individually, but in such capacities, and are not binding upon any of the Trustees, shareholders, officers, representatives or agents of the Fund personally, but bind only the Trust Property (as defined in the Declaration of Trust), and all persons dealing with any class of shares of the Fund must look solely to the Trust Property belonging to such class for the enforcement of any claims against the 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.

  • Distribution Company means a distribution company as defined in Section 1 of Chapter 164 of the Massachusetts General Laws.3

  • Private Fund means an issuer that would be an investment company as defined in section 3 of the Investment Company Act of 1940 but for Section 3(c)(1) or 3(c)(7) of that Act.

  • Fund/SERV means NSCC’s Mutual Fund Settlement, Entry and Registration Verification System, a system for automated, centralized processing of mutual fund purchase and redemption orders, settlement, and account registration; “Networking” shall mean NSCC’s system that allows mutual funds and life insurance companies to exchange account level information electronically; and “Settling Bank” shall mean the entity appointed by the Trust or you, as applicable, to perform such settlement services on behalf of the Trust and you, as applicable, which entity agrees to abide by NSCC’s then current rules and procedures insofar as they relate to same day funds settlement. In all cases, processing and settlement of share transactions shall be done in a manner consistent with applicable law.

  • Investment Funds means all monies and financial resources available for investment by the Authority, other than proceeds of bonds issued by the Authority.

  • Distribution Plan means any plan or formula of allocation of the Net Settlement Fund, to be approved by the Court, upon notice to the Class as may be required, whereby the Net Settlement Fund shall in the future be distributed to Authorized Claimants.

  • Principal Funding Account Balance means, with respect to any date of determination during the Controlled Accumulation Period, the principal amount, if any, on deposit in the Principal Funding Account on such date of determination.

  • Community Contribution Company means a corporation formed under the laws of British Columbia that includes in its articles the following statement:

  • Individual development account means a contract between an account holder and a fiduciary organization, for the deposit of funds into a financial institution by the account holder, and the deposit of matching funds into the financial institution by the fiduciary organization, to allow the account holder to accumulate assets for use toward achieving a specific purpose approved by the fiduciary organization.

  • State Fund The component of the Settlement Fund described in Section V.C.