This paper describes the origin and development of a Plan establishing a voluntary agreement between various Oil Companies and the Oil Companies Institute for Marine Pollution Compensation Limited to provide compensation for pollution damage caused by spillage from tankers of oil owned by the Oil Company Parties. The Funds provided, together with compensation obtainable under existing legal regimes and TOVALOP, make available up to $30,000,000 per incident to compensate claims for pollution damage. The Funds used by the Institute to provide such compensation are funds contributed by the Oil Company Parties to CRISTAL. The Plan has been designed as an interim method of providing such compensation until the coming into force of an International Compensation Fund Convention. CRISTAL came into effect on April 1, 1971 and at the present time oil companies receiving approximately 80% of the world's crude and fuel oil moving by sea are Parties to the Agreement. The paper analyzes the method by which the Plan operates and looks to the objectives it seeks to accomplish.

  • Corporate Authors:

    Annual Tanker Conference (17th)

    Hotel Del Coronado
    Coronado, CA  United States 
  • Authors:
    • Tripp, A
  • Conference:
  • Publication Date: 1972-5

Media Info

  • Pagination: p. 109-117

Subject/Index Terms

Filing Info

  • Accession Number: 00035240
  • Record Type: Publication
  • Source Agency: American Petroleum Institute
  • Files: TRIS
  • Created Date: Oct 27 1973 12:00AM