Marine insurance claims analysis using the Weibull and log-normal models: Compensation for oil spill pollution due to tanker accidents

Ching, Ringo Ho Fai; Yip, Tsz Leung

doi:10.1016/j.martra.2022.100056

Cited by 8 publications

(6 citation statements)

References 5 publications

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“…Then, an investigation will be carried out by the insurance company to determine the cause of the damage and its magnitude compensation that must be paid (Anon, 1983;Rani, 2016). However, please note that some damage or lost goods can excluded from policy insurance, such as damage caused by loss or accident by negligence or error sender, or recipient goods (Ching & Yip, 2022).…”

Section: Resultsmentioning

confidence: 99%

Liability for Compensation of Insurance Parties for Maritime Transport Accidents Analysis Decision Number: 640/ Pdt.G /2014/PN.SBY

Nainggolan,

Lie,

Rizqy Syailendra P

2024

ARRUS J. Soc. Sci. Hum.

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Trade becomes an important sector in the development of world economic. The focus of each country on establishing good relations occurs through cooperation in sending goods from one party to another. This research utilized a legal approach (statute approach through the studies obtained from the Shipping Law, Civil Code, Commercial Code, and Government Regulations. The delivery and transportation of goods that occurs is protected by another party called insurance. There are several responsibilities and risks faced during the transportation of goods, which aims to avoid out of control accidents. Insurance is a method used to protect and compensate for losses from goods damaged during transportation with insurance to minimize damage of goods during transportation.

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Section: Resultsmentioning

confidence: 99%

Liability for Compensation of Insurance Parties for Maritime Transport Accidents Analysis Decision Number: 640/ Pdt.G /2014/PN.SBY

Nainggolan,

Lie,

Rizqy Syailendra P

2024

ARRUS J. Soc. Sci. Hum.

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“…The shipowner loses the right to limit his liability if it is established that the pollution damage was caused by an individual act or omission done with the intention of causing such damage or recklessly and with knowledge that such damage would likely occur.Oil pollution victims in a State Party to the 1992 Fund Convention who do not receive full compensation under the 1992 Civil Liability Convention for one of the following reasons are eligible for compensation from the 1992 Fund:3a) because the shipowner is able to use one of the exemptions in this Convention, the shipowner is exempt from liability under the Civil Liability Convention of 1992;or (3b) the shipowner does not have enough money to fulfill all of his obligations under the Civil Liability Convention of 1992 and does not have enough insurance to pay for pollution damage claims;or (3c) the shipowner's liability under the Civil Liability Convention of 1992 is exceeded by the damage.Before November 1, 2003, the 1992 fund had a maximum payout of 135 million SDR, including the amount paid by the shipowner or his insurer.The limit was raised to 203 million SDR on November 1, 2003, and it applies to incidents that occurred after that date.On March 3, 2005, an International Oil Pollution Compensation Supplementary Fund was established to supplement the 1992 Fund Convention's compensation. [11] In principle, compensation related to environmental pollution and its damage (especially at sea) provides a sense of fairness and security to potential victims involved when pollution occurs. and damage occurs, the perpetrator is held accountable by not questioning whether there is an element of fault on the part of the polluter, so this principle is in the context of protection.…”

Section: Nomentioning

confidence: 99%

Legal Analysis of Compensation for Marine Pollution in Bintan

Nuraini¹,

Efritadewi²,

Syahputra³

2023

Proceedings of the 2nd Maritime Continent Fulcrum International Conference, MaCiFIC 2022, September 28-October 1, 2022, Tanjung

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Bintan is one of the largest islands in the Riau Archipelago, and the beauty of the sea is very famous, even in the Bintan region many resorts have been built as famous tourist destinations. Bintan's land area is 2.21%, this only means that 97.79% is marine area. Local people also use Bintan's marine area to catch fish and other marine resources either for daily consumption or for sale. Bintan's location is also very strategic because of direct contact with the South China Sea and Singapore, but problems arise, namely marine pollution due to oil spills (oil spills) continuously, so there is a need for an assessment to see material and immaterial compensation caused by marine pollution of Bintan. This study examines how the legal analysis of compensation caused by the sea in the Bintan region. This study uses qualitative analysis with interviews with informants.

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“…The treaties' main objective is to create an international framework based on a single standard of culpability for (1) damage done by pollution by escape or discharge of oil, and (2) the cost of measures taken reasonably to mitigate such damage. [6] Efforts to increase the role and responsibility are very important, so in the implementation of its operations often experiences obstacles in the form of transportation accidents. This accident will result in material losses and casualties.…”

Section: Accident (Study Of Batam Waters)mentioning

confidence: 99%

Application Of The Concept Of Eco Liability In Marine Pollution Due To Ship Accidents In Batam Waters Indonesia

Nuraini,

Suryadi,

Adhayanto

et al. 2023

BIO Web Conf.

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Batam’s waters are a very busy sea lane and important for regional and international trade. High maritime activity, including the traffic of cargo ships, tankers, cruise ships, and passenger vessels, is an integral part of the economic and transportation life of the region. However, as a consequence of heavy maritime activity, the risk of ship accidents increases and is often a serious concern for those involved in the shipping industry and governments. Ship accidents can cause oil spills, dangerous chemicals, and other waste that can pollute waters, and beaches, and affect marine animal and plant life. This research uses normative research methods with qualitative analysis. This research aims to determine the application of the eco liability principle in marine pollution due to ship accidents in Batam waters. One of the concepts proposed to address the environmental impact of ship accidents is eco-liability, which is environmental responsibility.A method that focuses on comprehending and rebuilding marine ecosystems is needed to apply the notion of eco-liability to combat marine pollution caused by ship accidents. The concept of eco liability focuses on environmental restoration so that each polluter is responsible for providing compensation for environmental restoration efforts carried out through coordination between the central government and regional governments. To compensate for damage caused by oil pollution sufferers and control civil liabilities brought on by pollution accidents, international treaties have been formed.

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Marine insurance claims analysis using the Weibull and log-normal models: Compensation for oil spill pollution due to tanker accidents

Cited by 8 publications

References 5 publications

Liability for Compensation of Insurance Parties for Maritime Transport Accidents Analysis Decision Number: 640/ Pdt.G /2014/PN.SBY

Liability for Compensation of Insurance Parties for Maritime Transport Accidents Analysis Decision Number: 640/ Pdt.G /2014/PN.SBY

Legal Analysis of Compensation for Marine Pollution in Bintan

Application Of The Concept Of Eco Liability In Marine Pollution Due To Ship Accidents In Batam Waters Indonesia

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