Subscribe to RSS feedTankers ‘not affected’ by lift in liability cap
by
Rajesh Joshi, New York
—
last modified
May 17, 2010 10:08 AM
THE TANKER industry is unlikely to be affected directly by efforts in the US to raise liability caps under the Oil Pollution Act 1990 in the aftermath of the Deepwater Horizon spill.
According to sources, the proposed increase applies to offshore facilities and not tanker owners, whose obligations towards clean-ups are governed separately by the statute.
Tanker liability limits under OPA 90 have been raised twice since 2006, in line with inflation...
This full article is available to Lloyd's List DCN subscribers only.
If you are already a subscriber, please sign in below.
If you're not a subscriber and would like to experience the full benefits of Lloyd's List DCN with a 14 day trial, please click here.
Alternatively, click here to subscribe.
| Tweet |
Daily Top Stories
- Rena officers sent to prison
- New salvage facility for Cairns
- Worker dies in Newcastle wharf tragedy
- Major supramax markets diverge
- Panama Canal fees hike planned for July
- 12% of world tanker fleet facing scrapping
Previous:
Vale boosts cost and freight iron ore sales
