A spill of oil from a ship can cause a economic loss for a variety of organisations and individuals. The International Convention on Civil Liability for Bunker Oil Pollution Harm (the Bunkers Convention) is adopted internationally. Compensation beneath the Fund Convention is offered by oil cargo receivers in Contracting States and every contribution depends on individual import quantities. Its key characteristics are the same as CLC 1969, but CLC 1992 differs in the amounts by which a shipowner may limit his liability. Panama has indicated that it would be ready to present 1969 CLC certificates for 1992 CLC flag ships. The Protocol of 1984 to amend the CLC was aimed at increasing limits of liability.

First, the Convention sets up an international civil liability scheme operating among the organic or legal persons affected whose claims for compensation of pollution harm, if not settled otherwise, really should be submitted to the … Read the rest >>>