Maritime Reader

MARITIME INTELLIGENCE DAILY
08 JUN 2026 MONDAY
Advanced filters
Keywords | type to search… Date: All time Sources: All Topics: All
News and publications NewsGuyana: New Oil Pollution LegislationPublished: 8 June 2026NewsLegislationPollutionOn 16 May 2025, Guyana passed the Oil Pollution Prevention, Preparedness, Response and Responsibility Act 2025. The Act introduces a strict-liability oil pollution regime that goes further than international conventions such as CLC or even the US OPA 90 in several critical respects. Under this law shipowners, operators and charterers (in certain circumstances) are designated as ‘Responsible Parties’ and can become liable for oil pollution damage regardless of fault or intent. Below we set out the key points for members to be aware of. Unlimited liability. Unlike international conventions, this new Act imposes no cap on liability for matters such as clean-up costs, environmental restoration, economic losses and government response costs. In practical terms this could have a significant financial impact. Ordinary pollution cover under P&I is capped at USD 1 billion; in theory this could now prove insufficient in Guyana Financial assurance – requirements still to be determined. The Act also requires vessels to demonstrate that they have ‘adequate’ financial security. However, the exact requirements have not yet been established. It is clear though that that these requirements will be assessed on a case-by-case basis, taking into account vessel type, tonnage and the nature of operations. It is not guaranteed that standard P&I cover will suffice. A system similar to the US Certificate of Financial Responsibility (COFR) regime may be introduced, requiring separate certification for vessels. Act not yet in force. Although the Act has been passed, it will only enter into force following a Ministerial Order. The timing of this remains unclear. NNPC Marine Insurance is monitoring developments closely and will keep members informed as further details emerge. Penalties for non-compliance. Vessels unable to demonstrate adequate financial assurance risk denial or withdrawa
← Back to latest
pi_circular NNPC Marine ·2026-06-08

Guyana: New Oil Pollution Legislation

NNPC Marine
Read full article at NNPC Marine →
Opens NNPC Marine in a new tab
← Back to latest