Accession Number : ADA132916

Title :   Cost-Benefit Analysis of Possible U.S. Adherence to Two International Conventions on Liability and Compensation for Oil Pollution Damages. Executive Summary.


PDF Url : ADA132916

Report Date : 30 Jun 1983

Pagination or Media Count : 42

Abstract : This is the Executive Summary of the final report which assessed the benefits and costs of the United States of adhering to two international conventions on oil pollution liability and compensation. These conventions are: (1) CLC--The 1969 Convention on Civil Liability for Oil Pollution Damage, which governs the tanker owner's liability for oil pollution damage in nations that have ratified the convention. (2) 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 Executive Summary presents a broad overview of the cost-benefit analysis including many graphs and tables. The primary question addressed in the study 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, particularly petroleum product consumers, industry, and government.

Descriptors :   *Cost analysis, *Oil pollution, *Damage, Costs, Benefits, United States, Compensation, International, Tables(Data)

Subject Categories : Economics and Cost Analysis

Distribution Statement : APPROVED FOR PUBLIC RELEASE