The Role of Insurance in Providing Adequate Compensation and in Reducing Pollution Incidents: The Case of the International Oil Pollution Liability Regime

Author:

Billah Muhammad Masum

Publisher

Elsevier BV

Reference9 articles.

1. CLC, supra note 1, at art. I, para. 5 (emphasis added). The same definition is included in the Fund Convention by reference. Fund Convention, supra note 1, at art. 1, para. 2. Canada's proposal to define the word "oil" broadly under the Fund Convention in order to include "liquid hydrocarbon of any kind" was opposed by the oil industry and many oil-importing countries on the ground, inter alia, that such a wide definition would cause the involvement of the IOPC Fund in a large number of minor oil spill cases. See INTER-GOVERNMENTAL MAR. CONSULTATIVE ORG., OFFICIAL RECORDS OF THE CONFERENCE ON THE ESTABLISHMENT OF AN INTERNATIONAL COMPENSATION FUND FOR OIL POLLUTION DAMAGE;The CLC defines "oil" as "any persistent hydrocarbon mineral oil such as crude oil, fuel oil, heavy diesel oil and lubricating oil,1971

2. An American proposal to require the IOPC Fund to pay compensation for "mysterious" spills was also rejected by the oil industry and some states on the same ground that it would necessitate frequent involvement of the Fund for many small spills. Yet, the Scandinavian proposal to limit the Fund's contribution only to cases of oil pollution damage exceeding 15 million francs (US$1 million) was not accepted by the oil industry;Official Records of the 1971 Fund Conference

3. Holy See

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