What if ships is carrying less than 2000 tonnes of oil & it had some sought of a oil poll incident who would then pay ?



396 Views | Adi Pereira | ANSWER |
Adi Pereira
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Ran for 3 days for this. After many calls to lots of smart people like :

1)the IOPC FUND gave the London office many calls but they were not of much help.
2)showed him the IOPC claims manual itself, by the way  they have still not given an answer.
3)got a couple of answers from P&I club surveyors which he didnt accept
4)showed him emails from IOPC n P&I surveyors not satisfied.
5)talked about STOPIA (SMALL TANKER OWNERS POLL INDEMNITY AGREEMENT) dont make a mistake of saying this in front of him (u will have to run for 6 days to find about STOPIA)
6)spoke about P&I cover of 500 million $ for owners liability for oil pol damage & 250 million $ @ an additional premium he was not happy.
7)& finally Capt Naik (angel from heaven) came to the rescue in case of such a situation the owner will bear full responsibility he will after the incident deposit sums in a 1st class bank (i guess SBI kyuki government ka hain) as decided by the courts at the place where the case is being presided over. When i told him this then he said u see its the 'NATIONAL LEGISLATION WHICH WILL TAKE ITS COURSE' i shook my head and he passed me ??

Adi Pereira | | EDIT | REPLY

JAHAJEE.com user
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Although it is not mandatory but the owner may have insurance cover for oil pollution. If not then he shall bear all the expenses, which may be guaranteed in the form of a bank guarantee if necessary.

Ehsan Qureshi | | EDIT | REPLY

tags  MMD / MCA ORALS MASTER EXAM
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