Financial caps for oil pollution damage: A historical mistake?
The limitation of liability (known as financial caps) of the ship owner has a long tradition in maritime law in general and in the marine oil pollution compensation regime in particular. This paper uses the economic instrument to critically analyze such a mechanism, in order to answer the question if the financial caps are indeed a historical mistake.
Year of publication: |
2008
|
---|---|
Authors: | Faure, Michael ; Wang, Hui |
Published in: |
Marine Policy. - Elsevier, ISSN 0308-597X. - Vol. 32.2008, 4, p. 592-606
|
Publisher: |
Elsevier |
Keywords: | Strict liability Limitation of liability Financial caps Civil Liability Convention (CLC) Fund Convention The (IOPC) Fund Unilateral accident Bilateral accident Deterrence path dependency Interest group |
Saved in:
Online Resource
Saved in favorites
Similar items by person
-
Financial caps for oil pollution damage: A historical mistake?
Faure, Michael, (2008)
-
Compensation for damages caused by nuclear accidents : a convention as insurance
Faure, Michael G., (1991)
-
Corporations, accident prevention and compensation for losses
Faure, Michael G., (1989)
- More ...