What is the scope of the International Convention on Civil Liability for Bunker Oil Pollution Damage?

The International Convention on Civil Liability for Bunker Oil Pollution Damage, commonly referred to as the Bunker Convention, is an international treaty set up to provide a framework for allocating the cost of damages resulting from oil spills due to the navigation of vessels. The scope of the Bunker Convention is to provide a comprehensive system of compensation for damage resulting from oil spills caused by the negligent or willful acts of the owner or operator of the vessel. This includes damage caused to both human health and the environment, as well as economic losses suffered by third-party individuals, businesses, and governments. The Bunker Convention’s liability system is based on a “polluter pays” principle, meaning that those responsible for oil spills must pay for the environmental damage and economic losses. The Bunker Convention also sets out strict liability provisions for compensation claims, meaning that owners or operators are liable for damages even if they were not negligent and the owner or operator must prove that the damage was not their fault. The Bunker Convention is implemented in New York through the New York Navigation Law and the New York Oil Pollution Fund. The convention is also complimented by the International Convention on the Establishment of an International Fund for Maritime Liability for Oil Pollution Damage. Overall, the International Convention on Civil Liability for Bunker Oil Pollution Damage is a comprehensive framework for allocating the cost of damages resulting from oil spills due to the navigation of vessels. It is implemented in New York through the New York Navigation Law and the New York Oil Pollution Fund. This ensures that those responsible for oil spills are held liable for the environmental damage and economic losses they cause.

What is the scope of the International Convention on Civil Liability for Bunker Oil Pollution Damage?

Related FAQs

Related Blog Posts