Civil Liability For Nuclear Harm
On 20/05/2016, you requested the version in force on 20/05/2016 incorporating all amendments published on or just before 20/05/2016. The International Oil Pollution Compensation Fund (1971 IOPC Fund) was set up for the purpose of administering the regime of compensation produced by the Fund Convention when it entered into force in 1978. Though strict liability under the Bunker Spills Convention extends beyond the registered owner to the bareboat charterer, manager and operator of the ship, the Convention only demands the registered owner of ships higher than 1,000 GT to preserve insurance coverage or other monetary security. For example, the maximum amount of compensation readily available below the 1992 Fund Convention is inclusive of compensation payable by the tanker owner below the 1992 CLC.
For the initial time in national judiciary practice, the TGI Judgment by-passed the international regime established by the 1992 Conventions, until then deemed as self-contained and exclusive, … Read the rest >>>