Oil Pollution Indemnity Clause for Penalties and Fines (5.470)

London P&I explains updated wording for an International Group charterparty clause dealing with Australian oil pollution penalties and fines. The circular covers higher penalty amounts, legal costs, contributory fault, and the need to include the clause throughout a charterparty chain.

• Updates to Australian penalty values for pollution offences
• Revised indemnity wording for owners and charterers
• Explanatory notes on liability, legal costs, and sub-charters