Cost-Benefit Analysis of Possible U.S. Adherence to Two International Conventions on Liability and Compensation for Oil Pollution Damages.
TEMPLE BARKER AND SLOANE INC LEXINGTON MA
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This report assesses the benefits and costs to the United States of adhering to two international conventions on oil pollution liability and compensation. These conventions are CLC--The 1969 Convention on Civil Liability for Oil Pollution Damage, which governs the tanker owners liability for oil pollution damage in nations that have ratified the convention. FUND--The 1971 International Convention on the Establishment of an International Fund for Compensation for Oil Pollution Damage, which provides supplemental compensation in member states. This report presents the results of the cost-benefit analysis. The primary question addressed is whether adherence to one or both of the conventions would be in the interests of the United States as a nation. Both monetary costs and benefits, and broad non-monetary factors, are included in the analysis. A secondary issue addressed is the distribution of costs and benefits among different groups in the United States, particulary petroleum product consumers, industry, and government. Author
- Administration and Management
- Economics and Cost Analysis