From protecting the environment from pollution and safeguarding dependent economies, to improving responses and limiting consequences in case of an oil spill, liability for incidents falls under a ‘polluter pays’ principle. Determining the level of financial assurance is complex, demanding more than a simple adding up of the figures. In fact, the last thing you should do when determining financial assurance for an oil spill is pick up the calculator.
This whitepaper will help you determine the adequate level of financial assurance required in a worst-case, upstream incident.