506 



contributing oil received in the territory of a Contracting State by any 

 ])erson in a calendar year Avhen aggregated with the quantity of 

 contributing oil received in the same Contracting State in that year 

 by any associated person or persons exceeds 150,000 tons, such person 

 shall pay contributions in respect of the actual quantity received b}^ 

 him notwithstanding that that quantity did not exceed 150,000 tons, 

 (b) "Associated person" means any subsidiary or commonly con- 

 trolled entity. The question whether a i)erson comes within this 

 definition shall be determined by the national law of the State con- 

 cerned. 



Article 11 



1. In resi)ect of each Contracting State initial contributions shall 

 be made of an amount which shall for each person referred to in 

 Article 10 be calculated on the basis of a fixed sum for each ton of 

 contributing oil received by him during the calendar year preceding 

 that in which this Convention entered into force for that State. 



2. The sum referred to in paragraph 1 shall be determined by the 

 Assembl}^ within two months after the entry into force of this Conven- 

 tion. In i)erforming this function the Assembly shall, to the extent 

 possible, fix the sum in such a way that the total amountjof initial 

 contributions would, if contributions were to be made in respect of 

 90 i)er cent of the quantities of contributing oil carried by sea in the 

 world, equal 75 million francs. 



3. The initial contributions shall in respect of each Contracting State 

 be paid within three months following the date at which the Conven- 

 tion entered into force for that State. 



Article 12 



1. With a view to assessing for each person referred to in Article 10 

 the amount of annual contributions due, if any, and taking accoimt of 

 the necessity to maintain sufficient liquid funds, the Assembly shall 

 for each calendar year make an estimate in the form of a budget of: 



(i) Expenditure 



(a) costs and expenses of the administration of the Fund 

 in the relevant year and any deficit from operations in 

 preceding years; 



(b) payments to bo made by the Fund in the relevant 

 year for the satisfaction of claims against the Fund due under 

 Article 4 or 5, including repayment on loans ])reviousl3^ taken 

 by the Fund for the satisfaction of such claims, to the extent 

 that the aggregate amount of such claims in respect of any 

 one incident does not exceed 15 million francs; 



(c) ])ayments to be made by the Fund in the relevant 

 year for the satisfaction of claims against the Fund due under 

 Article 4 or 5, including repayments on loans ])re\4ously 

 taken by the Fund for the satisfaction of such claims, to the 

 extent that the aggregate amount of such claims in respect 

 of any one incident is in excess of 15 million francs; 



(ii) Income 



(a) surplus funds from operations in preceding years, 

 including any interest; 



