As part of our consultation process, we issued two documents, one in 2010 and one in 2015, in which we looked at the scope and, afterwards, operationalization. We consulted a range of stakeholders, including municipalities, where admittedly there was some support or an interest in the issue; however, more broadly, the considerations that this discussion reflects very much came to the fore. We did speak to representatives from the insurance market to get a better understanding of what existed.
In the end, what they were able to confirm for us was the sense that the 300 level was the lowest level possible in terms of gross tonnage to target, insofar as there was an understanding that the market could bear and support products or insurance solutions for vessel owners in that space. By the same token, they indicated that further analysis would be required, but that from their perspective there was a big question in their minds as to whether or not the market could shift towards this type of insurance.
That said, those owners who do have insurance tend to make that part of their business operations or their home. It's not specific to wreck: when they do apply it, they do so within their operating businesses or their home insurance.