What is the scope of the Protocol of 2003 to the International Convention on the Establishment of an International Fund for Compensation for Oil Pollution Damage?

The Protocol of 2003 to the International Convention on the Establishment of an International Fund for Compensation for Oil Pollution Damage (otherwise known as the Supplementary Fund Protocol) is an international agreement that establishes a fund to provide additional compensation for pollution damage caused by oil spills in the waters of the United States. Under the protocol, claims in respect of pollution damage can be made against the fund if they meet certain criteria. The criteria include the actual cost of cleaning up the damage, the cost of preventing a further spread of the damage, and other expenses, such as lost wages and medical costs, suffered due to the accident. The countries which are party to the protocol are responsible for contributing to the fund based on their share of shipping within the U.S. waters. The Supplementary Fund Protocol is applicable to all U.S. states, including Washington. It is important for Washington to be aware of its obligations to the international community as defined by the Protocol. Furthermore, it is important for Washington to be aware of its rights under the Protocol, as it is entitled to receive claims from the Supplementary Fund in the event of an accident in U.S. waters. The Protocol is part of an international network of agreements which are designed to provide relief and compensation for pollution damage caused by oil spills. This network of agreements is a vital tool for protecting the environment and the economic interests of the countries which are party to the Protocol.

What is the scope of the Protocol of 2003 to the International Convention on the Establishment of an International Fund for Compensation for Oil Pollution Damage?

Related FAQs

Related Blog Posts