Skip to content
Cart

Your Cart

×

You have 0 items in your cart.

Register Sign in Wishlist

Civil Liability and Financial Security for Offshore Oil and Gas Activities

$100.00 USD

Michael Faure, Niels Philipsen, Hui Wang, Kristel De Smedt, Jing Liu
View all contributors
  • Date Published: November 2016
  • availability: This ISBN is for an eBook version which is distributed on our behalf by a third party.
  • format: Adobe eBook Reader
  • isbn: 9781316731376

$ 100.00 USD
Adobe eBook Reader

You will be taken to ebooks.com for this purchase
Buy eBook Add to wishlist

Other available formats:
Hardback


Looking for an inspection copy?

This title is not currently available on inspection

Description
Product filter button
Description
Contents
Resources
Courses
About the Authors
  • Civil Liability and Financial Security for Offshore Oil and Gas Activities provides insights into the liability and compensation regime for offshore-related damage. The book analyses the legal regime in a variety of states (including the US and the UK) as well as the EU regime. In addition, the various compensation mechanisms and amounts available today to compensate offshore-related damage are described and critically analysed. Moreover, the book is based on in-depth interviews with a wide variety of relevant stakeholders including insurers, representatives from supervisory authorities, and oil and gas producers. This volume also provides a variety of policy recommendations, formulated to provide an optimal compensation regime for offshore-related damage.

    • Provides a detailed overview of the liability and compensation regime for offshore-related damage in a variety of legal systems
    • Offers insight into the way in which offshore-related damage is currently compensated, were such an incident to occur in European waters
    • Gives readers detailed knowledge of the variety of compensation mechanisms available (insurance, risk-sharing agreements, self-cover and so on) and the amounts currently available for cover
    • Provides an analysis of the possibilities of a potential new compensation mechanism
    Read more

    Customer reviews

    Not yet reviewed

    Be the first to review

    Review was not posted due to profanity

    ×

    , create a review

    (If you're not , sign out)

    Please enter the right captcha value
    Please enter a star rating.
    Your review must be a minimum of 12 words.

    How do you rate this item?

    ×

    Product details

    • Date Published: November 2016
    • format: Adobe eBook Reader
    • isbn: 9781316731376
    • contains: 14 b/w illus. 13 tables
    • availability: This ISBN is for an eBook version which is distributed on our behalf by a third party.
  • Table of Contents

    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
    4.6Concluding 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.

  • Editor

    Michael Faure, Universiteit Maastricht, Netherlands
    Michael Faure is Professor of Comparative Private Law and Economics at Erasmus University Rotterdam and Professor of Comparative and International Environmental Law at Maastricht University. He serves also as Academic Director of the Maastricht European Institute for Transnational Legal Research (METRO).

    Contributors

    Michael Faure, Niels Philipsen, Hui Wang, Kristel De Smedt, Jing Liu

Sign In

Please sign in to access your account

Cancel

Not already registered? Create an account now. ×

Sorry, this resource is locked

Please register or sign in to request access. If you are having problems accessing these resources please email lecturers@cambridge.org

Register Sign in
Please note that this file is password protected. You will be asked to input your password on the next screen.

» Proceed

You are now leaving the Cambridge University Press website. Your eBook purchase and download will be completed by our partner www.ebooks.com. Please see the permission section of the www.ebooks.com catalogue page for details of the print & copy limits on our eBooks.

Continue ×

Continue ×

Continue ×

Find content that relates to you

This site uses cookies to improve your experience. Read more Close

Are you sure you want to delete your account?

This cannot be undone.

Cancel

Thank you for your feedback which will help us improve our service.

If you requested a response, we will make sure to get back to you shortly.

×
Please fill in the required fields in your feedback submission.
×