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Max Planck Encyclopedia of Public International Law [MPEPIL]

Compensation Fund

Chie Kojima

From: Oxford Public International Law (http://opil.ouplaw.com). (c) Oxford University Press, 2021. All Rights Reserved.date: 09 May 2021

High seas — Ships / vessels

Published under the auspices of the Max Planck Institute for Comparative Public Law and International Law under the direction of Professor Anne Peters (2021–) and Professor Rüdiger Wolfrum (2004–2020). 

1 An international compensation fund is primarily a solution for providing prompt, adequate, and effective remedies to those who have suffered damages in the event of accidents or damages arising out of certain lawful activities (Liability for Lawful Acts). Damages to be covered by an international compensation fund generally include both those caused to persons or property and those caused to the environment, with the limitation to the costs of measures of reinstatement which are taken within areas of national jurisdiction (Liability for Environmental Damage)....
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