Financial caps for oil pollution damage: a historical mistake?

M.G. Faure, H. Wang

Research output: Contribution to journalArticleAcademicpeer-review

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.
Original languageEnglish
Pages (from-to)592-606
JournalMarine Policy
Volume32
Issue number4
DOIs
Publication statusPublished - 1 Jan 2008

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