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Financial caps for oil pollution damage: A historical mistake?
Faure, M.; Hui, W. (2008). Financial caps for oil pollution damage: A historical mistake? Mar. Policy 32(4): 592-606. dx.doi.org/10.1016/j.marpol.2007.10.008
In: Marine Policy. Elsevier: UK. ISSN 0308-597X; e-ISSN 1872-9460, more
Peer reviewed article  
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Keyword
    Marine/Coastal
Author keywords
    strict liability; limitation of liability; financial caps; Civil
Authors  Top 
  • Faure, M.
  • Hui, W.
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.
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