TNAG-2513-FCO40-3666-Future-of-Hong-Kong-International-Rights-and-Obligations-(IR-1992 — Page 52

CONFIDENTIAL

The International Convention on the Establishment of an International Fund for Compensation for Oil Pollution Damage, 1971

1976 Protocol to the International Convention on the Establishment of an International Fund

for Compensation for Oil Pollution Damage, 1971

The Convention

The International

Convention on the Establishment

(6)

of

an International Fund for Compensation for Oil Pollution

Damage 1971 ("the Fund Convention") is supplementary to the

Liability

International Convention

Civil on

Pollution Damage 1969 ("the Liability Convention").

for

011

It was

concluded on

18 December 1971 and entered into force on 16

October 1978 (text at Annex A).

*(

2.

Oil Pollution Compensation Fund ("the

The Fund Convention establishes the International

Fund") to provide

compensation for pollution damage

to the extent that the

protection

afforded

by

the

Liability Convention

is

inadequate and relief to ship owners in respect of the

additional financial burden imposed on them

(Article 2).

by

the

The

is Fund

to be

Convention Liability recognized as a legal person and its organization consists

of an Assembly, an Executive Committee and a Secretariat

headed by a Director (Article 17).

CONFIDENTIAL