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
Pages
15
From page
592
To page
606
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
Serial Year
2008
Journal title
Marine Policy
Record number
1587525
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