CLC 92 definition

CLC 92 means the International Convention on Civil Liability for Oil Pollution Damage, 1992;
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Examples of CLC 92 in a sentence

  • The Clubs have agreed to bear direct liability on a similar basis to that prescribed by CLC 92.

  • That amount is equivalent to the liability limit under CLC 92 for a ship of 29,548 gross tons.

  • The Scheme reflects the fact that CLC 92 provides for the liability limit of the shipowner to be calculated by reference to the tonnage of the ship, subject to a minimum limit of SDR 4.51 million for ships of 5,000 gross tons or less.

  • Given that the 1992 Fund pays compensation where claims exceed the CLC 92 limit, incidents involving small tankers may result in the 1992 Fund bearing a relatively high proportion of the compensation payable, and paying compensation in a larger number of incidents than would be the case if the minimum limit under CLC 92 were higher.

  • Against this background the Scheme provides for the owner of a ship involved in an oil pollution incident to reimburse the 1992 Fund for any compensation it pays as a result of the ship’s liability limit under CLC 92 being less than SDR 20 million.

  • The Agreement establishes the TOPIA Scheme, the object of which is to provide a mechanism for shipowners to pay an increased contribution to the funding of the international system of compensation for oil pollution from ships, as established by the 1992 Civil Liability Convention (CLC 92), the 1992 Fund Convention and the 2003 Supplementary Fund Protocol.

  • STOPIA 2006 provides for shipowners to make payments to the 1992 Fund which are designed to adjust the financial effect of the limitation of liability provisions in CLC 92.

  • The Agreement establishes STOPIA 2006, the object of which is to provide a mechanism for shipowners to pay an increased contribution to the funding of the international system of compensation for oil pollution from ships, as established by the 1992 Civil Liability Convention (CLC 92), the 1992 Fund Convention and the 2003 Supplementary Fund Protocol.

  • STOPIA is designed to compensate for this additional burden by adjusting the financial effect of the limitation of liability provisions in CLC 92 in respect of incidents causing pollution damage in States where the Supplementary Fund Protocol is in force.

  • INTERNATIONAL AGREEMENTS Sweden is Party to: - CLC 92, Fund 92, Suppl Fund 03, OPRC/90, OPRC/HNS, MARPOL 73/78 annex I-VI Besides the arrangements within the European Union, Sweden is Party to the Copenhagen Agreement, the Helsinki Convention (HELCOM) and the Bonn Agreement.

Related to CLC 92

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