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Transport committee  The answer is that the shippers are members in many cases, so shippers who are our members would be participating in this pooled fund arrangement.

April 10th, 2014Committee meeting

Bob Bleaney

Transport committee  Again, as I understand the model, in the case where pooled funds were needed in excess of the liability coverage that would otherwise be available to the rail carrier, that funding would be supported by the shippers. In the case of our industry, the shippers tend to be our produc

April 10th, 2014Committee meeting

Bob Bleaney

Transport committee  Regarding oil and gas, I'll again turn that question back to Greg, because I think he would be most familiar with the specifics of the intent of the modelling, but I would assume it's going to be volume based.

April 10th, 2014Committee meeting

Bob Bleaney

Transport committee  I can approach the answer from the standpoint that what we're talking about with regard to the hybrid model that was discussed is exactly to ensure that we cover the small rail lines with an adequate form of liability coverage. The reason for that need is that the smallest rail t

April 10th, 2014Committee meeting

Bob Bleaney

Transport committee  As I would understand it, our members aren't necessarily the owners of all of these vehicles. Some of them are owned by other protocols.

April 10th, 2014Committee meeting

Bob Bleaney

Transport committee  I think we could follow up. Greg, do we have estimates on hand as to that? Yes, we can provide our estimates of what we understand that to be.

April 10th, 2014Committee meeting

Bob Bleaney

Transport committee  The approach has been consistent as to wanting to ensure we have a safe transition out to the newer car models. The process will be, as was discussed, that everyone's buying into the need for the new cars to come on stream and to transition out of the use of the old cars and eith

April 10th, 2014Committee meeting

Bob Bleaney

Transport committee  It could be both.

April 10th, 2014Committee meeting

Bob Bleaney

Transport committee  I'd like to turn that question back to Greg Stringham for his background on that, please.

April 10th, 2014Committee meeting

Bob Bleaney

Transport committee  I actually don't know the answer to that question. Greg, do you have an answer to that question?

April 10th, 2014Committee meeting

Bob Bleaney

Transport committee  I'd ask Greg to carry on with his responses, because again he is most familiar with this.

April 10th, 2014Committee meeting

Bob Bleaney

Transport committee  As I mentioned in my presentation, it's our view that, for the handling of insurance on the major lines, it is something that's most appropriate for the carrier to manage. The reality is the cost associated with that insurance will be something that flows to the parties that are

April 10th, 2014Committee meeting

Bob Bleaney

Transport committee  Well, it comes into the cost structure of transportation.

April 10th, 2014Committee meeting

Bob Bleaney

Transport committee  I want to clarify a little about the hybrid argument that I was mentioning. What we're speaking to there is that we recognize that the scale of insurance that you spoke to that applies to the main lines in the order of $1 billion is a fairly heavy load for small rail carriers, an

April 10th, 2014Committee meeting

Bob Bleaney

Transport committee  I'm going to actually weigh in with some support from my team in Calgary, because they're much closer to the liability dialogue at the moment. I'll turn this over to my team.

April 10th, 2014Committee meeting

Bob Bleaney