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International Convention on the Establishment of an International Fund for Compensation for Oil Pollution Damage, 1992, as amended by its Protocol of 2000 and its Supplementary Protocol of 2003 (the Fund Convention)
As indicated in the introduction to the CLC 1969, one of the conditions for accepting the primary liability of the owner on a strict basis had been that a limit to such liability should be fixed and then the balance of the damages caused by pollution should be borne by the cargo owner through the adoption of an international compensation scheme based upon the existence of an international fund. 1
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