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ARTICLE · 31 JANUARY 1995

The International Oil Pollution Compensation Regime

Nabarro LLP
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United KingdomStrategy
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Liability for pollution by persistent oils carried in bulk is covered under the Civil Liability Convention 1969 implemented in the UK via the Prevention of Oil Pollution Act 1971. The ship owner is strictly liable to compensate for any damage resulting from an oil pollution incident but can limit his liability to the lesser of US$195 per ton or US$20.5 million.

The International Oil Pollution Compensation Fund, financed by a levy on persons who receive crude oil and heavy fuel in the Fund Member States, provides supplementary compensation to those who cannot obtain adequate compensation under the Civil Liability Convention. Compensation is limited to approximately US$87 million.

It has now been agreed to double these limits to approximately US$190 million. The UK has agreed to this increase and it is should come into force by the end of 1995.

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