Marine environment risk assessment: A survey on the disutility cost of oil spills

Christos A. Kontovas, Harilaos N. Psaraftis

Research output: Contribution to conferencePaperResearchpeer-review

Abstract

"Formal Safety Assessment" (FSA) was introduced as a tool to help in the evaluation of new regulations for maritime safety and the protection of the marine environment and is currently, the major risk assessment tool that is being used for policy-making. However, there is not much work done in FSA as regards the protection of the marine environment and especially the prevention of sea pollution. Taking into account that a major harm to the sea is the accidental spillage of oil and by acknowledging that there is no significant work on this matter, this paper attempts a literature review on the issue and comments on alternative approaches. To that effect, prior research on oil spill damage cost assessment is placed within context, and various alternative approaches are presented. This work is also viewed within the framework of recent IMO developments in this area.
Original languageEnglish
Publication date2008
Number of pages13
Publication statusPublished - 2008
Externally publishedYes
EventInternational Symposium on Ship Operations, Management and Economics (SNAME Greek Section): SNAME Greek Section - Athens, Greece
Duration: 17 Sep 200818 Sep 2008
Conference number: 2

Conference

ConferenceInternational Symposium on Ship Operations, Management and Economics (SNAME Greek Section)
Number2
CountryGreece
CityAthens
Period17/09/200818/09/2008

Keywords

  • Marine risk assessment
  • Formal safety assessment
  • Cost of averting a tonne of spilled oil
  • cost of oil spills
  • Damage assessment

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