Shipping firms given break from spills
By Qian Yanfeng | China Daily | Updated: 2009-08-20 07:48
SHANGHAI: Shipping companies could be forced to take out insurance against pollution spills under a draft law under debate in the largest city in China.
Polluters would purchase liability insurance, under the law, in the event that a spill or other environmentally damaging incident should occur. Insurance companies would then help compensate for losses.
It has not yet been decided whether companies would be forced or simply encouraged to buy insurance.
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