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Civil Liability and Financial Security for Offshore Oil and Gas Activities
About This Book
Civil Liability and Financial Security for Offshore Oil and Gas Activities provides insights into the liability and compensation regime for offshore-related damage. The book analyses the legal regime in a variety of states (including the US and the UK) as well as the EU regime. In addition, the various compensation mechanisms and amounts available today to compensate offshore-related damage are described and critically analysed. Moreover, the book is based on in-depth interviews with a wide variety of relevant stakeholders including insurers, representatives from supervisory authorities, and oil and gas producers. This volume also provides a variety of policy recommendations, formulated to provide an optimal compensation regime for offshore-related damage.
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Table of contents
- Cover
- Half-title page
- Title page
- Copyright page
- Contents
- List of Figures and Tables
- List of Contributors
- Preface and Acknowledgements
- List of Abbreviations
- 1 Introduction
- 2 Offshore-Related Damage: Facts and Figures
- 3 Analysis of Existing Legal Regimes
- 4 Pooling Mechanisms for Offshore Liability
- 5 The Use of Financial Market Instruments to Cover Liability Following a Major Offshore Accident
- 6 Potential of Financial and Insurance Instruments to Cover Liability Following a Major Offshore Accident
- 7 Towards Optimal Liability and Compensation for Offshore Oil and Gas Activities
- 8 Concluding Remarks
- References
- Appendix 1 Overview of Interviews with Stakeholders
- Appendix 2 Checklist for Country Studies
- Appendix 3 Oil Pollution Act Liability Limits, 2012
- Index