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Varadinov & Co.
Legal Bulletin

Varadinov & Co Attorneys at law is recognised in the IFLR1000
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Varadinov & Co Attorneys at law is listed in Legal 500
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Two new chapters have been introduces into the Commercial Navigation Code – regulating the responsibility of the ship owners for damages caused by pollution with ship fuel as well as the insurance of the ship owner for maritime claims.
The amendments provide that the owner of ship sailing under Bulgarian flag with a gross tonnage 300 and over and undertaking commercial activity, shall have an insurance regarding the maritime claims subject to limitation of liability according to the Protocol of 1996 to the Convention on Limitation of Liability for Maritime Claims of 1976.
In cases of damages caused by pollution of ship fuel the compensation shall encompass the direct loss up to the amount of the expenditures necessary for recreation of the environment, as well as the expenditures for the preventive measures undertaken to limit the damages and the loss incurred thereof. The compensation shall not exceed the amount of the insurance, covering the liability of the ship owner for damages caused by pollution.