A legislated school library policy: can functional school libraries be envisioned without one? ﻿ Depending on the exchange rate, the existing possible compensation for oil pollution and incidental costs through normal insurance is limited to approximately R900 million, hence the mechanism to guarantee compensation to claimants in respect of oil pollution damage is the fund convention that establishes the International Oil Pollution Compensation Fund. This fund is financed by cargo owners who receive in the ports and terminal installations of the contracting states more than 150 000 tonnes of contributing oil annually. At recent exchange rates, the maximum compensation that can be paid by the fund in respect of a single incident is just over R3 billion, which can be used to compensate claimants where they have either been unable to receive payment or full payment in terms of the Civil Liability Convention. This significantly increased sum illustrates the value of this package of Bills.