Financial caps for oil pollution damage: A historical mistake?
In: Marine Policy. Elsevier: UK. ISSN 0308-597X; e-ISSN 1872-9460, meer
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| Trefwoord |
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| Author keywords |
strict liability; limitation of liability; financial caps; Civil |
| 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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