WK Law & Enterprise
Immediately after the shock brought on by the Liberian tanker Torrey Canyon” accident in 1967 off the United Kingdom coastline, member States of the International Maritime Organization (IMO) established a particular international regime aiming at ensuring adequate compensation for victims of pollution harm brought on by oil spills from ships. Claims for compensation for oil pollution harm (which includes clean-up charges) may possibly be brought against the owner of the tanker which triggered the harm or directly against the owner’s P&I insurer. An attempt is being created to locate an authority which is prepared to issue 1969 CLC certificates in the exact same manner as the United Kingdom authority will issue 1992 CLC certificates for ships flying the flag of a 1969 flag state.
The 1969 CLC entered into force in 1975 and lays down the principle of strict liability (i.e. liability even in the absence of fault) for tanker owners and creates a program of compulsory liability insurance coverage. Practically nothing in this Convention shall have an effect on the right of the shipowner and the person or persons supplying insurance coverage or other economic security to limit liability under any applicable national or international regime, such as the Convention on Limitation of Liability for Maritime Claims, 1976, as amended. The judgment of the Court of appeal of Paris was appealed in cassation by the convicted persons and 36 civil parties.
The International Oil Pollution Compensation Fund (1971 IOPC Fund) was set up for the purpose of administering the … Read the rest >>>