DIPLOMATIC CONFERENCE APPROVES NEW OIL SPILL COMPENSATION PROTOCOLS

A diplomatic conference in London has adopted a new set of protocols to amend international oil spill compensation treaties to increase levels of compensation payable to victims. The 1992 Protocols, as they are known, mainly bring the 1969 Civil Liability Convention and the 1971 Fund Convention up to date with monetary values adjusted for inflation. The International Association of Independent Tanker Owners (Intertanko), Oslo, urged governments to ratify the protocols, which will raise

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