As from 11 December 2024, Finland will start asking tankers to provide insurance details. The requirement applies to tankers that come from Russia and carry crude oil or petroleum products.
Finland will begin to systematically demand all tankers that pass through the Finnish exclusive economic zone and carry crude oil or petroleum products from Russia to present information on the ship’s insurance required by the CLC Convention. The information can be provided by presenting a CLC Certificate issued by the ship’s flag state. The certificate includes information about the ship’s insurance coverage against environmental damage.
The CLC Convention refers to the International Convention on Civil Liability for Oil Pollution Damage. The Convention requires ship owners to take out insurance for ships that carry oil cargo to cover their liability for oil pollution damage. To attest that the requirement is met, a ship’s flag state will issue a certificate to the ship. The purpose of the insurance is to ensure that there is a financial mechanism to cover liability for damages in the event of an oil spill.
The CLC Convention is part of the wider international regulatory landscape governing safety and environmental protection in maritime transport. Together with other international agreements, such as the MARPOL Convention, it forms a comprehensive framework for managing the environmental impacts of maritime transport.
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