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Marine Liability Act

Version of section 115 from 2010-01-02 to 2018-12-12:

Marginal note:Interest on unpaid amounts

 If any portion of a levy is not paid as required by subsection 112(3), interest may be charged on the amount from time to time outstanding, at a rate fixed by the Governor in Council on the recommendation of the Minister of Finance, calculated from the time when the oil is unloaded from the ship or when the ship on which the oil is loaded leaves the facility at which it is loaded, as the case may be.

  • 2001, c. 6, s. 115
  • 2009, c. 21, s. 11

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