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OFFSHORE POLLUTION LIABILITY AGREEMENT
("OPOL") as
at 1st August, 1996
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CLAUSE III - ADDITIONAL FUNCTIONS OF THE ASSOCIATION
| The Parties shall cause the Association in addition
to performing the function specified in Clause II: |
| 1. |
to provide the Government
of any Designated State on request with confirmation, in such
form as may be decided by the Association, that a Party has made
the terms of this Contract applicable to certain Offshore Facilities
of which it is the Operator and has complied with the Rules with
respect to financial responsibility in connection therewith to
the satisfaction of the Association; and |
| 2. |
to administer, in accordance
with the terms and subject to the conditions decided upon by
the Association, any sums which the Association receives from
the Parties hereto in the event that a Party fails to satisfy
its obligations to Claimants after the exercise and exhaustion
by Claimants of all rights against the said Party available to
them under this Contract. |
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