Issue of certificate of insurance or other financial security in respect of oil pollution damage under provision of Article VII of the Protocol of 1992 to amend the international Convention on Civil Liability for oil pollution damage 1969 (CLC Prot 19921)…

Applicable to: Indian ship owners and MMDs

Effective Date: 13th April 2015

Superseded Circulars: None mentioned

Key Changes and Requirements

Indian ship owners must maintain insurance or other financial security to cover liability for pollution damage under the CLC Convention.

Applicable to: Ships registered in India carrying more than 2,000 tons of oil in bulk as cargo.
Limit of Liability: Up to the limits prescribed in Article V, paragraph 1 of the CLC Convention.

The following certificates will lead to the issue of 'CIOFS' by MMDs:

IG P&I Clubs: Certificates of insurance issued by the International Group of P&I Clubs.
Approved Insurance Companies: Certificates issued by insurance companies approved under PER, 2012.

Certificates of insurance in electronic format, verifiable online, are also accepted for issue of 'CIOFS'.

Note: Insurance must be obtained from 'insurance companies' and not from 'trade names' promoted by insurance companies.

List of Approved Companies: Visit www.dgshipping.gov.in for the list of approved insurance companies and trade names.

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