Oil Pollution of the Sea (Civil Liability and Compensation) (Amendment) Act, 1998

International Oil Pollution Compensation Fund 1992.

9.—Section 19 of the Principal Act is hereby amended by—

(a) the substitution in subsection (2) of “the International Oil Pollution Compensation Fund 1992” for “the International Oil Pollution Compensation Fund”,

(b) the substitution in subsection (3) of “in accordance with the Internal Regulations of the Fund” for “by the Assembly of the Fund Convention”, and

(c) the insertion of the following subsection:

“(3A) The Fund shall be a body corporate with perpetual succession and power to sue and be sued in its corporate name and to acquire, hold and dispose of land or an interest in land and to acquire, hold and dispose of any other property.”.