The Offshore Pollution Liability Association Ltd

OFFSHORE POLLUTION LIABILITY AGREEMENT ("OPOL") as at 1st January 2010

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CLAUSE II - GENERAL CONDITIONS

A.	The initial signatories to this Contract have formed under and pursuant to the laws of England a company limited by guarantee and called "The Offshore Pollution Liability Association Limited" for the purpose of administering this Contract and performing such other functions to assure its effectiveness as are specified hereinafter.
B.	Any Person which is or intends to be the Operator of an Offshore Facility may become a Party upon acceptance by the Association of an application from said Person in form prescribed by the Association, in which application said Person shall indicate its willingness to be bound by the terms and conditions hereof. Upon acceptance by the Association of such application and subject to the terms and conditions of this Contract and to the Rules, this Contract shall be applicable to all Offshore Facilities of which the Party is or becomes the Operator.
C.	Each Party shall, from and after the Effective Date hereof, or after such later date upon which it becomes a Party:
	1.	establish and maintain its financial responsibility to fulfil its obligations under Clause IV of this Contract with respect to Offshore Facilities of which it is the Operator, in accordance with criteria prescribed by the Rules;
	2.	become a member of the Association and remain a member thereof so long as it continues to be a Party subject to the right of the Association to terminate its membership in the Association and/or to take other appropriate action in the event it fails to fulfil its obligations hereunder;
	3.	make payment to the Association of all dues, assessments and other sums properly payable to the Association to enable it to fulfil its purposes as described herein and in its Memorandum and Articles of Association;
	4.	make payment to the Association of the Party's share of any such sum as is referred to in Clause III, that share being determined in accordance with its Articles of Association;
	5.	abide by the Memorandum and Articles of Association of the Association and the Rules;
	6.	provide the Association, from time to time, with such information as it reasonably requires in the administration of this Contract; and:
	7.	perform all other obligations of a Party.

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