UK SIGNS BUNKER CONVENTION

The UK Government has signed The International Convention on Civil Liability for Pollution Damage Caused by Bunker Oil, 2002, which addresses liability and compensation for the discharge of bunkers from ships engaged in international trade.

The UK Department for Transport has issued a News Release stating that the UK Government has signed The International Convention on Civil Liability for Pollution Damage Caused by Bunker Oil, 2002 (Bunker Convention). The Convention addresses liability and compensation for the discharge of bunkers from ships engaged in international trade. When it comes into effect, the Convention will require ships to have insurance coverage for such discharges.

The Bunker Convention will enter into force 12 months after it has been ratified by 18 States, including five States with ships whose combined gross tonnage is not less than one million GT. To date, to our knowledge, only the UK, Brazil and Italy have ratified the Convention.