Title of article :
Financial caps for oil pollution damage: A historical mistake?
Author/Authors :
Faure، نويسنده , , Michael and Wang، نويسنده , , Hui، نويسنده ,
Issue Information :
دوماهنامه با شماره پیاپی سال 2008
Abstract :
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.
Keywords :
Fund Convention , Civil Liability Convention (CLC) , The (IOPC) Fund , Bilateral accident , Deterrence , path dependency , Interest group , Strict liability , Limitation of liability , Financial caps , Unilateral accident
Journal title :
Marine Policy
Journal title :
Marine Policy
