Liability Risk and Insurance
Compensation for fisherman only
A whelk processing company denied right to recover loss of profits from the International Oil Pollution Fund 1971. A fishing
ban to prevent health hazards resulting from a crude oil spill had been imposed. The fund was only designed to compensate
fisherman unable to carry out their jobs because of pollution of the sea. It could not compensate a processing company for
economic loss. Such a loss was not damage as referred to in the Merchant Shipping Act 1995.