Paragraph 39 F1

following approval of the completion report by the Secretary of State, in consultation with the MMO and the statutory nature conservation body;

upon paying the full amount of the agreed Marine Recovery Fund Payment provided that the Secretary of State has confirmed in writing that such payment fulfils the requirement for compensation measures; or

upon entering into a contract with Defra or any other organisation responsible for the operation of the Marine Recovery Fund to make the agreed Marine Recovery Fund Payment in instalments and having made the first payment in a series of instalments under that contract provided that the Secretary of State has confirmed in writing that such payment fulfils the requirement for compensation measures.