TOVALOP
| Acronym | Definition |
|---|---|
| TOVALOP | Tanker Owners Voluntary Agreement Concerning Liability for Oil Pollution |
References in periodicals archive
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TOVALOP, passed in 1969, is activated when a participating tanker spills or threatens to spill 'persistent' oil," said Mr.
He added that TOVALOP has been amended on a number occasions, with the primary aim being to increase the limit of liability.
For CRISTAL to apply, the tanker, charterer or vessel owner must have paid compensation in an amount equal to the supplement limit of TOVALOP.
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