The "Compensation Fund Oil Pollution, 1972 Bilingual Edition" is a vital resource for understanding international maritime law and the environmental responsibilities of the maritime industry. Published by the International Maritime Organization, this edition presents a comprehensive insight into the establishment of an international compensation regime designed specifically for oil pollution damage.
The importance of establishing a Compensation Fund Oil Pollution system cannot be overstated. This fund was developed to ensure victims of oil pollution incidents receive adequate compensation. It is also aimed at providing economic relief to shipowners from the financial burdens imposed by existing regulations such as the Civil Liability Convention (CLC) of 1969.
The bilingual aspect of this edition, available in English and French, enhances its accessibility for professionals in both linguistic regions, making it an essential document for legal experts, policy makers, and environmental advocates alike.
This key publication contains several important components:
- Final Act of the Conference;
- International Convention on the Establishment of an International Fund for Compensation for Oil Pollution Damage (Fund), 1971;
- Resolutions adopted by the Conference;
- Supplement containing the 1976 Protocol to Revise the Unit of Account Provisions of the 1971 Fund Convention.
By compiling and clarifying these texts, the "Compensation Fund Oil Pollution, 1972 Bilingual Edition" serves as a cornerstone for legal frameworks governing oil pollution. This publication contributes significantly to global efforts in environmental protection, ensuring a formalized response to oil spills and thereby enhancing marine safety and compliance.”