The International Convention on the Establishment of an International Fund for Compensation for Oil Pollution Damage, 1992, often referred to as FUND92 or FUND, is an international maritime treaty, administered by the International Maritime Organization. The original FUND convention in 1969 was drawn up as an enhancement to CLC meant on one hand to relieve shipowners from unfair liabilities due to unforeseeable circumstances and on the other hand remove liability caps that some member states thought were too low. The fund is obliged to pay victims of pollution when damages exceed the shipowner's liability, when there is no liable shipowner, or when the shipowner is unable to pay its liability. The fund is also required to "indemnify the shipowner or his insurer" in spills where a ship is in full compliance with international conventions, and no wilful misconduct caused the spill.
The 1992 convention came into force on 30 May 2006. As of May 2013, the convention had been ratified by 111 states representing 91.2 per cent of the gross tonnage of the world's merchant fleet. The Bolivian, North Korean, Honduran, Lebanese, and, Mongolian flags of convenience have not ratified the treaty.

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  1. DB is Here


    Indiana Bill to Fund Training for Armed School Staff Advances ::
  2. F

    8 stages of steel challenge fund raiser

    Hi Guys & Gals We are holding a fund raiser match at Custer Sportsmens club in Custer, Wa. (up by the Canadian border). We are a USPSA affiliated club and all qualifying scores will be reported. We will have all 8 stages of Steel Challenge on June 29th, 2019 It will be a level 1 match. Each...
  3. Sporting Systems

    1639 Legal Defense Fund

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  4. Oregonhunter5

    Go Fund Me

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  5. Joe Link

    National  Hedge Fund Billionaire Takes On The Strangely Thorny Issue Of Gun Data

    Hedge Fund Billionaire Takes On The Strangely Thorny Issue Of Gun Data
  6. Chee-to

    It's a Corn Hole tournament fund raiser.................cut the crap..!!

    It's a Corn Hole tournament fund raiser.................cut the crap..!
  7. Cavedweller

    National  NRA raises record cash in March

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  8. IOM

    After Banning Armed Teachers, CA Considering Firearms Tax to Fund School Security

    Just months after Gov. Jerry Brown (D) signed a bill barring K-12 teachers from being armed for self-defense, Assemblyman Jim Cooper (D-9) is pushing a tax on firearms to pay for school security. His bill, AB 2497, would also tax ammunition to help fund security at schools. The text of AB 2497...
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