Limits of Liability and Compensation
Per Incident for Oil Tanker Spills in Canada
Based on the value of the SDR ($1.52243) on April 1, 2011
|International Funds (IOPC)
|Total Domestic Fund (SOPF)
|Total Available to Canada
Figure 1 shows the limits of liability and compensation available under the 1992 CLC, the 1992 IOPC Fund Convention and the Supplementary Fund.
The aggregate amount available under the 1992 CLC, the 1992 IOPC Fund and the Supplementary Fund is $1,141.82 million. The SOPF amount of some $157.803 million on top of the International Funds results in approximately $1.300 billion being available for a tanker spill in Canadian waters, including the territorial sea and the exclusive economic zone.