CLC - Oil Pollution Compensation Limit
Civil Liability Convention limitation of shipowner's liability for oil pollution - based on GT.
Liability limit
77.08MSDR
Formula, assumptions, and limits
$$L = 4.51 + (GT - 5000) \cdot 631 / 10^6$$
SDR (Special Drawing Rights) ~ USD 1.35 each. Max 89.77 M SDR (~120 M USD). CLC 1992 applicable; Supplementary Fund Protocol 2003 adds up to 750 M SDR per incident.
Symbol legend
| Symbol | Meaning | Unit | Source |
|---|---|---|---|
| $GT$ | Gross Tonnage | - | tonnage cert |
| $SDR$ | Special Drawing Right | SDR | IMF |
Spotted an error in this calculation? . We acknowledge editorial corrections within two working days.