International Convention on Civil Liability for Oil Pollution Damage

The International Convention on Civil Liability for Oil Pollution Damage is an agreement established to compensate victims of oil spills caused by ships. If a tanker spills oil, this convention ensures that the shipowner is financially responsible for the damage, covering costs for cleanup and any harm done to the environment or local communities. It aims to provide a clear legal framework for compensation, encouraging shipowners to operate responsibly and protect marine ecosystems, while also offering a way for affected parties to seek redress quickly and effectively.