 |
OFFSHORE POLLUTION LIABILITY AGREEMENT
("OPOL") as
at 1st August, 1996
You can download/print the
full Agreement in Word or PDF format simply by clicking on the
appropriate icon  
If you wish to print individual
web pages - please use 'landscape' mode for best results
CLAUSE XI - WITHDRAWAL AND TERMINATION
| A. |
This Contract came into effect on
1st May 1975 (the "Effective Date") and shall continue
in effect subject to the following provisions: |
| |
1. |
The Parties shall have the right
to terminate this Contract by Resolution adopted at a General
Meeting of the Members of the Association convened and conducted
in the same manner as provided in Clause X upon a vote in which
at least 75% of the votes cast are in favour of the said Resolution,
which termination shall take effect on such date as is specified
in the Resolution, being a date not less than three years from
the passing of the Resolution. |
| |
2. |
Any Party may, on giving to the Association not
less than three months previous notice in writing, withdraw from
this Contract and thus terminate its status as a Party: |
| |
|
(i) |
on 1st May in any year; or |
| |
|
(ii) |
if such Party has not been an Operator
of an Offshore Facility within the jurisdiction of a Designated
State at any time since such Party became a Party to this Contract;
or |
| |
|
(iii) |
if such Party, having been the Operator
of one or more Offshore Facilities within the jurisdiction of
one or more Designated States whilst a Party to this Contract,
shall have ceased to be the Operator of all such Offshore Facilities. |
| B. |
All rights and obligations of a
Party under this Contract shall cease as from the date of expiration
of this Contract or withdrawal of the Party herefrom, or other
termination of a Person's status as a Party, or termination of
its membership in the Association, provided that this shall not
affect any rights or obligations accruedat the date of such event,
arising out of an Incident which occurs while it was a Party. |
to next clause back to Agreement index
|
|
Home 