Protocol of 1976 to the International Convention on Civil Liability for Oil Pollution Damage, 1969 (CLC PROT 1976)

General Detail

General Information

  1. Type: Convention
  2. Date of signature:
  3. Place of signature: London, United Kingdom
  4. Depositary:
  5. Date of entry into force: 08/04/1981

Category

Environment and products

Sub category

Maritime and Law of the Sea

Groups

IMO

What is it about?

The 1969 Civil Liability Convention used the “Poincaré franc”, based on the “official” value of gold, as the applicable unit of account. However, experience showed that the conversion of this gold-franc into national currencies was becoming increasingly difficult. The 1976 Protocol therefore provides for a new unit of account, based on the Special Drawing Rights (SDR) as used by the International Monetary Fund (IMF).

Why is it relevant?

Provides a higher level of consistency across the ratifying states by making it easier to calculate the value of a claim for compensation in relation from the Fund. It therefore further enhances the parent Convention, which allows affected populations to avoid lengthy and costly claim proceedings.

Additional Information

The exchange rate for currencies versus the SDR fluctuates daily. However, in order to cater for those countries which are not members of the IMF and whose laws do not permit the use of the SDR, the Protocol provides for an alternate monetary unit - based, as before, on gold.

  • The International Convention on Civil Liability for Oil Pollution Damage, 1969
  • Protocol of 1992 to amend the International Convention on Civil Liability for Oil Pollution Damage, 1969
  • International Convention on the Establishment of an International Fund for Compensation for Oil Pollution Damage (FUND) (London, 18 December 1971)
  • Protocol to Amend the International Convention on the Establishment of an International Fund for Compensation for Oil Pollution Damage (FUND 2) (London, 27 November 1992)

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Country ratifications
CountryRatification date
Albania06/04/1994
Antigua and Barbuda23/06/1997
Australia07/11/1983
Azerbaijan16/07/2004
Bahamas03/03/1980
Bahrain03/05/1996
Barbados06/05/1994
Belgium15/06/1989
Belize02/04/1991
Brunei Darussalam19/09/1992
Cambodia08/06/2001
Cameroon14/05/1984
Canada24/01/1989
Costa Rica08/12/1997
Cyprus19/06/1989
Denmark03/06/1981
Egypt03/02/1989
El Salvador02/01/2002
Finland08/01/1981
France07/11/1980
Georgia25/08/1995
Germany28/08/1980
Greece10/05/1989
Iceland24/03/1994
India01/05/1987
Italy03/06/1983
Japan24/08/1994
Kuwait01/07/1981
Liberia17/02/1981
Luxembourg14/02/1991
Maldives14/06/1981
Marshall Islands24/01/1994
Mauritania17/11/1995
Mauritius06/04/1995
Mexico13/05/1994
Netherlands03/08/1982
Nicaragua04/06/1996
Norway17/07/1978
Oman24/01/1985
Peru24/02/1987
Poland30/10/1985
Portugal02/01/1986
Republic of Korea08/12/1992
Russian Federation02/12/1988
Saudi Arabia15/04/1993
Singapore15/12/1981
Spain22/10/1981
Sweden07/07/1978
Switzerland15/12/1987
United Arab Emirates14/03/1984
Vanuatu13/01/1989
Yemen04/06/1979
Treaties analysis
YearRatifications
19782
19791
19803
19818
19821
19832
19842
19852
19861
19873
19881
19896
19912
19922
19931
19946
19953
19962
19972
20011
20021
20041
Total53
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