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- W769476945 abstract "The fact that the consequences of maritime accidents, especially the environmental damage, would not be confined to only one country, was recognised at an early point in time. In the Torrey Canyon incident, the coastlines of both England and France were affected, and it became obvious that an international regime to cope with pollution damage, bundling victims’ claims and submitting them to a uniform regime, would be beneficial to both the victims and the shipping industry. Victims would be compensated faster, and according to a uniform regime, regardless of differences in domestic law, and the risk of environmental damage would become more calculable to shipowners and their insurers, also conferring on them the benefit of limited liability. The ensuing initiative eventually resulted in the adoption of the CLC, but the funds available from shipowners and their insurers soon proved to be insufficient. Not long after the adoption of the CLC, a second tier of compensation was established by the 1971 FUND Convention, which was paid for by the oil industry." @default.
- W769476945 created "2016-06-24" @default.
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- W769476945 date "2014-12-10" @default.
- W769476945 modified "2023-09-25" @default.
- W769476945 title "Chapter 3 Civil Responsibility Regimes and the Liability for Cargo Oil Pollution" @default.
- W769476945 doi "https://doi.org/10.1007/978-3-662-45555-5_3" @default.
- W769476945 hasPublicationYear "2014" @default.
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