If the Coast Guard implements a regulation requiring the certificates, but if there are no insurers willing to back them, then there is the possibility that all tankers would be banned from US waters.
The International Association of Independent Tanker Owners (Intertanko) regarding certificates of financial responsibility for tankers. From Greenwire, “Oil Pollution Act: Financial Liability Still Unresolved”.
Wednesday, January 5, 1994
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