View full page at energyexch.com

 

The Five Factors That Decide How Much Compensation After A Major Oil Spill

From forbes.com

After a series of major maritime incidents last week in the Port of Beirut, off the coast of Mauritius and brewing off the coast of Yemen potentially impacting the entire Red Sea, questions are being asked about what factors go into determining a payout, and who pays. There are five major factors that usually go into a report. This ultimately helps decide How Much and Who Pays.The first question is what was the cause of the incident and where did the source of the pollutant originate from. In heavily polluted areas, it is hard to determine whether pollution comes from a particular vessel, as there is often several ... (full story)

Story Stats

  • Posted:
  • Category: Fundamental Analysis