Constitution of a fund.
Section 11
SEC. 11. Constitution of a fund. - For the purpose of availing himself of the benefit of limitation provided for under Section 10 of this Act following the occurrence of a particular Incident, the Owner shall be required to constitute a fund for the total sum representing the limit of his liability with the Maritime Industry Authority (MARINA) to cover Incidents causing Pollution Damage: Provided, That any claim for compensation from Pollution Damage shall be brought directly to the Regional Trial Courts (RTC). The fund can be constituted by depositing the sum or by producing a bank guarantee or other financial guarantee acceptable under existing laws and considered to be adequate by the Department of Transportation and Communications (DOTC). CHAPTER IVSYSTEM OF COMPULSORY INSURANCE AND CERTIFICATION