Source: New Zealand Parliament
The Maritime Transport (Offshore Installations) Amendment Bill would amend the Maritime Transport Act 1994.
Under the Maritime Transport Act 1994, owners of offshore oil installations are responsible for the costs of pollution damage from any spill at their facilities in New Zealand waters. The Act also states that owners must be insured or have insurance or financial security if a major spill were to occur. This is to reduce the financial risk to the Government and other parties if the owner could not meet their financial responsibilities.
The Maritime Transport (Offshore Installations) Amendment Bill would amend the Act to affirm:
- the liability of the insurer (or those providing financial security) in the event of an oil spill
- that marine protection rules specify the amount and type of insurance the owner must have.
Working drafts of the marine protection rules are being considered by the Ministry of Transport – the working draft of the rules relevant to this amendment can be found here.
Tell the Transport and Infrastructure Committee what you think
Make a submission on the bill by midnight on 14 August 2019.
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