Summary |
Insurance against oil pollution from ships has a compulsory nature under the Bunkers convention. Except for the fact that the obligation to take out insurance is imposed on the registered owner, the Bunkers Convention also provides that the liability insurer will pay, on behalf of the assured, to pollution victims all sums equal to the applicable limit of liability. In this way, the victims are assured of the availability of the compensation fund.
Against this background, the aim of this research is to complete a study on compulsory insurance and compensation for bunker oil pollution damage under the Bunkers convention. Based on a general survey of the Bunkers convention mainly focusing on the insurance and compensation aspects, this thesis will explore in-depth the role of liability insurance as a means to ensure compensation for victim who will suffer bunker-oil pollution damage. Since the main features of the Bunkers convention, like in other civil liability conventions, are the compulsory insurance, strict liability and the limitation of liability, the thesis will also examine the interrelations between compulsory insurance and those other features.
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