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The Convention requires ships over 1,000 gross tonnage to maintain insurance or other financial security, such as the guarantee of a bank or similar financial institution, to cover the liability of the registered owner for pollution damage in an amount equal to the limits of liability under the applicable national or international limitation regime, but in all cases, not exceeding an amount ...
12 de sept. de 2016 · This convention was later amended in 1992. CLC 92 was amended in the year 2000 to increase the amount of compensation. We will discuss the latest amended convention i.e. amended CLC 1992. CLC is the short form for “International Convention on Civil Liability for Oil Pollution Damage”.
fund convention is not mandatory and maximum liability on a shipowner for single incident is fixed as per CLC 92. However big the pollution incident takes place but liability of owner is fixed as per CLC 92. So why states go for fund convention when they have to pay extra permium for it (funded by oil recievers).
10. “1969 Liability Convention” means the International Convention on Civil Liability for Oil Pollution Damage, 1969. For States Parties to the Protocol of 1976 to that Convention, the term shall be deemed to include the 1969 Liability Convention as amended by that Protocol. Article II This Convention shall apply exclusively:
their consideration of the Convention with a view to its signature and ratification. The Convention entered into force on October 14, 1966, when it had been ratified by 20 countries. As at April 10, 2006, 143 countries have ratified the Convention to become Contracting States. In accordance with the provisions of the Convention, ICSID pro-
Convention and whenever there is a change in either. 10. For the purpose of this Article the ship‘s tonnage shall be the gross tonnage calculated in accordance with the tonnage measurement regulations contained in Annex Í of the International Convention on Tonnage Measurement of Ships, 1969.
Fund 92. The 1992 Fund Convention, which is supplementary to the 1992 CLC, establishes a regime for compensating victims when compensation under the 1992 CLC is not available or is inadequate. The International Oil Pollution Compensation Fund, 1992 (1992 Fund) was set up under the 1992 Fund Convention. More information here.
