Transport committee  We don't know at this stage. That would be part of the process once the legislation comes in, to get them to report the HNS, and we'll have a better tracking of it at the time of the—

Transport committee  To be clear, there's no regime in place now either, so there's no need to have a tracking of these from a marine shipping point of view.

Transport committee  In terms of the risk assessment that has led to what I call our world-class tanker safety system again, we engaged a company to do a pan-Canadian risk assessment of the product that would be carried in support of the panel's recommendations. That particular study has now been exp

Transport committee  The first one that's completed is. It's publicly available. The second one is not finished yet.

Transport committee  Yes, it did.

Transport committee  To be clear, yes, “world-class tanker safety system” is terminology to describe the regime we're putting in place that would include prevention measures, response measures, and liability and compensation measures, and, to use your term, we would be world-leading in each one of th

Transport committee  First and foremost, I'll go back and say that what's before us today in the Marine Liability Act has nothing to do with the tanker safety system. The world-class tanker safety system is a branding term that we've used to reflect that we want to have the safest system for the tra

Transport committee  A slogan, yes, a branding slogan; it's a term for the program we're putting in place.

Transport committee  Just to be clear, it is, as I said, a joint responsibility between a shipowner and the cargo owner. The shipowner's responsibility is having sufficient insurance to pay for liability, should it happen. The contributions to the fund would be the cargo owner's responsibility. The w

Transport committee  You would have all the importation of product, and you would have that internationally, so you would divide that by the amount of damages, and they would all pay proportionally across the world.

Transport committee  That's exactly right. It's a number that we determined through a lot of negotiation and discussion among all the members of the IMO. There are several countries involved. The figure of $400 million was determined to be a good figure that didn't put any undue hardship on those who

Transport committee  I think everybody knows that in Canada, for either oil or chemical, I don't think we've ever had what we would classify as a major spill, i.e., 10,000 tonnes. When we look at the oil regime, however, everyone points to what happened with the Exxon Valdez, so there's no guarantee

Transport committee  I'll answer the second part first. As I mentioned, the IMO, the International Maritime Organization, tracks 6,500 substances now, which they have classified as dangerous goods or hazardous and noxious substances. This would cover all those 6,500 substances should they be transpor

Transport committee  Those are eligible categories, so that they would have to put a claim in, and if that claim was accepted, they would be paid out for their damages, or at least a portion thereof.

Transport committee  I think ecological damage, to the extent that you can put an economic value on it, is part of the claim as well.