Oil Pollution Act of 1990 Quotes

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), Greenwire.

OPA 90 -- virtually everyone affected, except the environmentalists, think it is as the 'Rocky Horror Picture Show.' Congress crafted it in an emotional bonfire, which was ignited by the massive spill at Valdez.

-
Joe Farrell, president of the American Waterways Operators, United Press International.

[By exposing shipowners to an uninsurable level of liability, the act is] 'driving away from U.S. trading many responsible shipowners who may well possess the safest tankers and the most solid financial backing to cope with pollution damage claims.'

-
The International Association of Independent Tanker Owners (Intertanko), The Journal of Commerce.
307904/30/1992 | Full Details | Law(s): Oil Pollution Act of 1990

[The Oil Pollution Act] also raises fundamental questions as to whether oil companies will be willing to pay for responsible parties to stay in the business of transporting crude, or whether vessel operators will prosper who engage in a game of roulette with the liability limits.

-
Van Dyck, chairman of Philadelphia-based Maritrans G.P. Inc., the largest independent carrier of crude oil products in the U.S. coastal trades. The Journal of Commerce.

The fallout from the act is coming. It is like the sword of Damocles hanging over the industry.

-
Ernest Corrado, President of the American Institute of Merchant Shipping. The Journal of Commerce.

The net result could well be a greater probability of oil spills, less likelihood of a responsible owner to deal with those spills, less reliable transportation of oil and greater cost to the consumer; the very things the U.S. wanted to avoid.

-
Vernon C. Miller Jr., Vice President of Greenwich, Conn.-based Skaarup Shipping Corp. The Journal of Commerce.