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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.

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