Thank you very much, Mr. Chair.
I want to thank all the witnesses who came to meet us today. They have given us very useful information that will help us better understand the situation and ask more relevant questions.
I have a question for Mr. O'Connor.
One of the concerns we have is with respect to liability. We were talking about a limit of $185 million for the ship owners, and then there would be the HNS fund, the international fund, which would cover the rest. If I'm not mistaken, the maximum was $500 million, and after that, one of the concerns we had was that taxpayers would have to foot the bill.
You're proposing a solution that for us is very interesting. I would definitely love to have your written wording, if you could table it with the committee. It would be very interesting for us to look at that.
Also, could you tell us more in terms of why it would be unwise to have an unlimited liability?