Disclaimer: IMO has endeavoured to make the data on this internet site as accurate as attainable but cannot take responsibility for any errors. B. that, where legally feasible in accordance with their national law, States Parties to the 1969 CLC accept CLC certificates issued by State Parties to the 1992 CLC as proof that a ship has insurance cover as required by the 1969 CLC. Note: The limits of liability below the a variety of regimes are primarily based on specified units of account (Particular Drawing Correct – SDR). Size is not relevant nor is there any provision in the Convention, as there is in some other conventions, such as the LLMC Convention in its art. These Parties that have not ratified the 1992 regime are nevertheless regarded Parties to CLC 1969.

Secondly, if, for example, the ship is bareboat chartered and pursuant to the charter celebration the owner is liable for bunker oil pollution harm — which would make sense, given that the owner is expected to preserve insurance or other economic safety to cover liability for pollution damage — claimants would nevertheless be entitled to bring a claim against the bareboat charterer, who apparently 17 is not expected to keep insurance coverage or financial security.

The outcome could be that exactly where the ship is bareboat chartered and its management is entrusted by the charterer to a manager, there would be 3 persons who need to keep insurance or other financial security, thereby tripling the insurance costs: a … Read the rest >>>