Transport committee  Without C-3 it will depend on the size of the ship because it's on a tonnage basis.

Transport committee  No, that's not an issue, because first of all, the risk is very low, so you know you can be insured for that specific risk. Of course incrementally you have to pay more, but because it's something that is marginal, it doesn't double your insurance costs. It's a kind of marginal increase of your insurance cost, especially when it's something that is under an international convention, because the whole fleet, internationally, is covered, and under this convention the risk is also shared with the receivers of HNS.

Transport committee  Currently all the shipowners are covered by insurance, but for the HNS there is no.... Basically when you have no specific regime, the fallback regime is the one integrated under part 3 of the Marine Liability Act, and your liability is capped depending on your tonnage, and depending on the type of liability.

Transport committee  Mr. Chair, and committee members, thank you for having invited the Shipping Federation of Canada to testify before you this morning about part 4 of Bill C-3, the safeguarding Canada's seas and skies act. The federation, incorporated by an Act of Parliament in 1903, is the representative in Canada of the owners, operators, and agents of ocean ships trading at ports across Canada from the Atlantic to the St.