LIVING WITH OPA-90 SALVAGE CONTRACTING IN A HIGHLY REGULATED ENVIRONMENT

Legislation designed to protect the environment, especially the U.S. Oil Pollution Act of 1990 (OPA-90), has significant direct and indirect effect on the technical commercial structure of marine operations. The interpretation and enforcement of the laws by designated regulatory bodies makes the effects specific. Some effects of the law and its implementation go far beyond the intent of protecting the environment. In the U.S., the requirements of OPA-90 combined with the actions of regulatory bodies make traditional no- cure-no-pay contracts for salvage and wreck removals commercially risky in American waters. The risk is high because regulators may now approve salvage plans and prescribe or proscribe specific salvage actions. This paper examines how the law and its implementation are affecting both the technical and commercial aspects of salvage operations in the U.S.

  • Supplemental Notes:
    • ITS '94, Intl Towage and Salvage Convention, 17-21 Oct 1994; Southampton, UK. Procs. Publ by Thomas Reed Publications, UK, ISBN 0 901281 58 1. Day 1, ppr 5, p 29 [6 p]
  • Authors:
    • Milwee, W I
  • Publication Date: 1994

Language

  • English

Subject/Index Terms

Filing Info

  • Accession Number: 00728225
  • Record Type: Publication
  • Source Agency: British Maritime Technology
  • Files: TRIS
  • Created Date: Nov 4 1996 12:00AM