Oil spill spat risks insurance debacle

SHIPPING Australia has challenged the federal government to formally request that the International Maritime Organization (IMO) lift the maximum liability level for shipowners if it feels the current amount is insufficient. The extraordinary put up or shut up call came in the wake of comments on Sunday by Queensland premier Anna Bligh, and backed by federal infrastructure minister Anthony Albanese, calling for Swire Shipping to pay the full clean-up cost of the Pacific Adventurer’s oil spill in March.

  

Lloyd’s List DCN understands that while the federal government has backed the Convention on Limitation of Liability for Maritime Claims 1976, the case involving Swire has exposed an apparent gap between an owner’s legal liability and the total cost of...

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