Some industries have more of a direct impact on the environment than others. If your business is responsible for handling hazardous materials in any capacity, for example, then you need to be extra mindful when it comes to your daily operations. For companies that conduct a majority of business on open water or in ports around different shorelines, there is a need to pay attention to the regulations put forth for the possibility of the materials spilling into the sea. Failing to do this can have catastrophic results.
Review the Basics
A bunker oil pollution policy is about protecting the environment and your business. Since there have been countless spills of oil and other dangerous waste into the ocean by businesses over the years, international governments have come together to regulate such scenarios. It is imperative that all companies involved with transportation on the sea adhere to conventions like the International Convention on Civil Liability for Bunker Oil Pollution Damage. Additional areas to pay attention to with your policy include:
- Size and weight of vessels
- Nature and volatility of materials
- Number of crew and passengers
Stay on Top
Though operating in an industry like maritime transportation can be demanding, there are many ways to stay ahead of the curve. Look into what regulations you must follow for your insurance needs and see what you are able to accomplish.