I would also stress the educational part because shipowners, especially in the pleasure craft section, have to understand that they while they own an asset, they also own the liabilities that go with it. That's one element.
It's not necessarily something that will go in the act. It can be done through things besides the act, such as parallel initiatives. In my short five-point list I listed a number of things that we see coming, which aren't necessarily coming through that specific legislation, but are coming through that wave of initiatives.
How can we address the inventory? You need money at some point to do that.
For the issue of the ships below 300 tonnes, if you have no insurance, you may have an issue. What's the best way to have that covered by insurance? We there are now some discussions with the provinces, and so on and so forth. In the long run, it's what would probably help make a difference.
Also, with respect to pleasure crafts, they need.... The fund is a repository of a problem that happened higher up in the food chain and we are at the end of it. Basically, the ships for which you have a strong regulatory framework with strong enforcement and mandatory insurance will not end up being a liability for the fund. The ships for which you have fewer regulations, which are usually the smaller ships, and for which you have less enforcement and no insurance, are the ones that become a liability for the fund.
Basically if you want to avoid paying for something at the end of the day, you have to boost the regulatory and enforcement side. At the end of day, that's where you'll see fewer liabilities that are not covered.