Liability treaty finally agreed for chemical accidents at sea
Almost 20 years' work on a global treaty to provide compensation for damage caused by chemicals and other hazardous substances carried by sea finally ended in success on 3 May. The new convention will make it possible for up to about £250 million to be paid in compensation for maritime accidents involving hazardous and noxious substances (HNS). Liability will be shared between shipowners and HNS importers - mainly the chemical industry, which lost its argument that shipowners should bear the sole liability for accidents.
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