BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry



« News Home
:: Monthly Archive

News Topics
:: Air Pollution
:: Agreements & M&A's
:: Alternative Fuels
:: BunkerBlog
:: Cargoes & Storage
:: Company News
:: Efficiency, Costs & Charges
:: Environment
:: Events
:: Financial
:: Fuel Quality & Testing
:: Lubes & Additives
:: Oil Spills
:: People
:: Port News
:: Projects
:: Regulation, Legal
:: Services, Products,Technology
:: Statistics & Research
:: Vessels

Regional Archive
:: Americas
:: Asia/Oceania
:: Europe
:: M.East/Africa


BUNKER INDEX :: Price Index, News and Directory Information for the Marine Fuel Industry
Home » News



Myanmar accedes to bunker pollution damage treaty

Ratification brings the number of states to accede to IMO's treaty to 87.



Kyaw Zwar Minn (pictured right), Ambassador of Myanmar to the United Kingdom, deposited the state's instrument of accession to the The International Convention on Civil Liability for Bunker Oil Pollution (BUNKER) to IMO Secretary-General Kitack Lim (pictured left) on January 19, 2018. Image credit: International Maritime Organization (IMO)


Updated on 22 Jan 2018 11:34 GMT

Myanmar is the latest stated to ratify the International Maritime Organization's (IMO) treaty to ensure that adequate compensation is available to people that suffer damage caused by bunker fuel spills.

The International Convention on Civil Liability for Bunker Oil Pollution Damage (BUNKER) applies to damage caused on the territory, including the territorial sea, and in exclusive economic zones of states under the convention.

Under the convention, the registered owner of a vessel is required to maintain compulsory insurance cover, and there is also the requirement for 'direct action' - which allows a claim for compensation for pollution damage to be brought directly against an insurer.

Kyaw Zwar Minn, Ambassador of Myanmar to the United Kingdom, met IMO Secretary-General Kitack Lim at IMO Headquarters in London to deposit the instrument of accession on January 19.

Myanmar's ratification brings the number of states to accede to the treaty to 87, representing 92.5 percent of the world's merchant fleet tonnage.






Related Links:

Balearia and its commitment to LNG bunkers at MEPC 71
NGOs welcome IMO action on mitigating Arctic HFO risk
MEPC 71 meeting roundup
Secretary-General's speech at MEPC 71
Workshop to help reduce bunker consumption held in South Africa
Myanmar

Latest News:

VPS issues flash point distillate alert for New York
Viking Line's bunker costs rise 3.6% in H1
Global Risk Management hires former Geos trader
Maersk profitability 'significantly impacted' by higher bunker costs
Oil and fuel oil hedging market update
Coming up: oil rig count, US production data and meeting between US and China
Done in a month: Mercuria takes 30% stake in Aegean as refinancing transaction is agreed
Higher bunker prices add EUR 4.1m to operating costs: Containerships Plc
Torm to install scrubbers on 14 ships in new initiative
Earnings growth dampened by lag in recovery of higher bunker costs: DFDS
Oil and fuel oil hedging market update
Brent closed at around four-month low yesterday




Page Links:

Prices
Africa
Asia
Latin America
Middle East
North America
North Europe
South Europe
Index Summary
Price Highlights
Commentaries
Futures
Prices
Antwerp
Busan
Cape Town
Fujairah
Houston
Istanbul
Kaohsiung
Las Palmas
Maracaibo
New Orleans
Piraeus
Rio de Janeiro
Rotterdam
Santos
Singapore
News
Latest News
Blogs
Archive
Americas
Asia
Europe
Middle East
News
Air Pollution
Agreements & M&A's
Alternative Fuels
Cargoes & Storage
Efficiency, Costs & Charges
Environment
Events
Financial
Fuel Quality
Lubes & Additives
Oil Spills
People
Port News
Projects
Regulation/Legal
Services, Products, Technology
Statistics & Research
Vessels
Contact & Terms
Contact Us
Advertise
Terms & Conditions
Privacy Policy
Events
Upcoming Events