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Oil Pollution Liability News

11 Jan 2018

China Oil Spill Compensation Claims Face Iran Payment Snags

(Photo: China's Ministry of Transport)

The reluctance of foreign banks to deal with Iran could complicate any compensation payments resulting from the collision last week of an Iranian oil tanker and a Chinese cargo ship, sources say. The tanker Sanchi, carrying 136,000 tonnes of highly flammable condensate oil, collided with the Chinese dry cargo vessel CF Crystal on Saturday in the East China Sea, causing an oil spill and a blaze that is still raging four days later. Liability has yet to be established but lawyers…

27 Nov 2012

That Sinking Feeling

What is the duty of a vessel owner when his vessel sinks and becomes a hazard? What is a facility’s duty when it comes to vessels at their docks? On top of the oil, wreckage, and loss of use, there are legal duties and penalties for parties associated with the vessel – under relevant federal and state statutes – after it sinks. It’s the call that most owners/operators do not like to get: their vessel is partially submerged at a dock or in some navigable waterway and poses a threat to navigation.

11 Aug 2004

OPA 90 Alert – New Limitations on Lessor Liability

Holland & Knight LLP issued a Maritime Alert advising clients of the recent amendment of the Oil Pollution Act of 1990 (OPA 90) that substantially ameliorates the risk of oil pollution liability for financial lessors. A copy of the Maritime Alert may be obtained from Nancy Hengen, Partner, New York Office [1-212-513-3255 and [email protected] ].

19 Jun 2001

State of the P&I Market: As Stocks Drop, Rates Will Rise

The 13 P&I Clubs within the International Group continue to dominate the world market for shipowners' liability insurance despite increasing competition in recent years from fixed premium facilities. The development of the fixed premium market and, in particular, the rapid growth of the P&I account of the marine and energy syndicate 329 at Lloyd's led by Jonathan Jones, served to increase pressure on premium rating in recent years. However, syndicate 329 is now in run-off, its capital providers having withdrawn support, and its P&I account, which was transferred to British Marine, an old-established P&I and hull club for small ships and offshore craft…

19 Jun 2001

State of the P&I Market: As Stocks Drop, Rates Will Rise

The 13 P&I Clubs within the International Group continue to dominate the world market for shipowners' liability insurance despite increasing competition in recent years from fixed premium facilities. The development of the fixed premium market and, in particular, the rapid growth of the P&I account of the marine and energy syndicate 329 at Lloyd's led by Jonathan Jones, served to increase pressure on premium rating in recent years. However, syndicate 329 is now in run-off, its capital providers having withdrawn support, and its P&I account, which was transferred to British Marine, an old-established P&I and hull club for small ships and offshore craft…

14 Jan 2000

Flexible Membrane Covers and Seals Damages

The Gulf Responder is a 45-ft. aluminum catamaran designed to operate in oil and hazardous chemical spills. Currently under construction at Scully's Fabricating in Louisiana, the vessel's expected delivery date will be either late January or early February. The 15-ton vessel is powered by twin turbo diesel engines with water jet propulsion and equipped with two 1,000 lb. MagnaPatch devices. The MagnaPatch is a patented pollution abatement device. The device is a self-propelled, flexible, magnetic membrane that covers and seals the damages on oil and chemical bulk carrier hulls. Spanning 100 sq. ft. in total area, the MagnaPatch is 10 times larger than most hull penetrations. Weighing more than 1,000 lbs., the MagnaPatch is powerful enough to pick up a small car.