23JAN2018 - NEWS - Myanmar Ratifies treaty covering bunker oil pollution damage

 Myanmar Ratifies treaty covering bunker oil pollution damage. The registered owner of a vessel is required to maintain compulsory insurance cover, and there is also the requirement for ‘direct action’ – which allows a claim for compensation for pollution damage to be brought directly against an insurer under this treaty. Myanmar’s ratification brings the number of States to accede to the treaty to 87, representing 92.5% of the world's merchant fleet tonnage.