This book analyses how damage resulting from offshore-related incidents is compensated in European waters, whilst providing models to improve such compensation.
This book analyses how damage resulting from offshore-related incidents is compensated in European waters, whilst providing models to improve such compensation.Hinweis: Dieser Artikel kann nur an eine deutsche Lieferadresse ausgeliefert werden.
List of abbreviations Contributors List of figures and tables 1. Introduction Michael Faure, Niels Philipsen and Hui Wang: 1.1 Background for this book 1.2 Objective of this book 1.3 Methodology 1.4 Structure 2. Offshore-related damage: facts and figures Kristel De Smedt and Hui Wang: 2.1 General issues concerning offshore activities 2.2 Location of installations and facilities in the EU 2.3 Overview of major offshore accidents 2.4 Analysis of recent offshore accidents in Europe: case studies 2.5 Analysis of recent offshore accidents outside EU waters 3. Analysis of existing legal regimes Michael Faure, Jing Liu and Hui Wang: 3.1 Introduction 3.2 International legal framework 3.3 Offshore liability regimes 3.4 The current EU regime on offshore activities 3.5 Offshore liability regimes: country studies 3.6 Another high risk sector: the nuclear 3.7 Concluding observations 4. Pooling mechanisms for offshore liability Michael Faure and Jing Liu: 4.1 Theory: pooling versus insurance 4.2 OPOL 4.3 OIL and OCIL 4.4 Protection and indemnity clubs 4.5 Risk pooling in the nuclear sector 4.6 Concluding observations 5. The use of financial market instruments to cover liability following a major offshore accident Michael Faure and Hui Wang: 5.1 Self-insurance 5.2 Capital market 5.3 Guarantees 5.4 (Re-) insurance 5.5 Risk pooling schemes 5.6 OPOL 5.7 Combinations 6. Potential of financial and insurance instruments to cover liability following a major offshore accident Michael Faure and Hui Wang: 6.1 Potential costs of an offshore incident 6.2 Self-guarantee through tax 6.3 Expanding possibility of insurance? 6.4 Potential of expanding risk pooling schemes 6.5 Summary: flexibility 7. Toward optimal liability and compensation for offshore oil and gas activities Kristel De Smedt, Hui Wang and Michael Faure: 7.1 Principles of efficient compensation and liability rules 7.2 Efficient liability rules 7.3 Liability versus regulation 7.4 Mandatory financial security 7.5 Compensation instrument 7.6 Rapid claims management 7.7 Transboundary harm 7.8 Scenarios 8. Concluding remarks Michael Faure, Niels Philipsen and Hui Wang: 8.1 General 8.2 Efficient liability rules 8.3 Mandatory financial security 8.4 A role for government? 8.5 Rapid claims mechanism List of references Annex 1. Overview of interviews with stakeholders Annex 2. Checklist for country studies Annex 3. Oil Pollution Act Liability Limits 2013.
List of abbreviations Contributors List of figures and tables 1. Introduction Michael Faure, Niels Philipsen and Hui Wang: 1.1 Background for this book 1.2 Objective of this book 1.3 Methodology 1.4 Structure 2. Offshore-related damage: facts and figures Kristel De Smedt and Hui Wang: 2.1 General issues concerning offshore activities 2.2 Location of installations and facilities in the EU 2.3 Overview of major offshore accidents 2.4 Analysis of recent offshore accidents in Europe: case studies 2.5 Analysis of recent offshore accidents outside EU waters 3. Analysis of existing legal regimes Michael Faure, Jing Liu and Hui Wang: 3.1 Introduction 3.2 International legal framework 3.3 Offshore liability regimes 3.4 The current EU regime on offshore activities 3.5 Offshore liability regimes: country studies 3.6 Another high risk sector: the nuclear 3.7 Concluding observations 4. Pooling mechanisms for offshore liability Michael Faure and Jing Liu: 4.1 Theory: pooling versus insurance 4.2 OPOL 4.3 OIL and OCIL 4.4 Protection and indemnity clubs 4.5 Risk pooling in the nuclear sector 4.6 Concluding observations 5. The use of financial market instruments to cover liability following a major offshore accident Michael Faure and Hui Wang: 5.1 Self-insurance 5.2 Capital market 5.3 Guarantees 5.4 (Re-) insurance 5.5 Risk pooling schemes 5.6 OPOL 5.7 Combinations 6. Potential of financial and insurance instruments to cover liability following a major offshore accident Michael Faure and Hui Wang: 6.1 Potential costs of an offshore incident 6.2 Self-guarantee through tax 6.3 Expanding possibility of insurance? 6.4 Potential of expanding risk pooling schemes 6.5 Summary: flexibility 7. Toward optimal liability and compensation for offshore oil and gas activities Kristel De Smedt, Hui Wang and Michael Faure: 7.1 Principles of efficient compensation and liability rules 7.2 Efficient liability rules 7.3 Liability versus regulation 7.4 Mandatory financial security 7.5 Compensation instrument 7.6 Rapid claims management 7.7 Transboundary harm 7.8 Scenarios 8. Concluding remarks Michael Faure, Niels Philipsen and Hui Wang: 8.1 General 8.2 Efficient liability rules 8.3 Mandatory financial security 8.4 A role for government? 8.5 Rapid claims mechanism List of references Annex 1. Overview of interviews with stakeholders Annex 2. Checklist for country studies Annex 3. Oil Pollution Act Liability Limits 2013.
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