Tank Vessels Carrying Oil in Domestic Trade: Design Criteria vs. Effective Liability Assessment

by Robert D. Tollison on October 30, 1975
by Robert D. Tollison

This report focuses upon the costs and benefits of the set of design criteria proposed for oil tankers by the U.S. Coast Guard, that is, segregated ballast construction. As such, it demonstrates in a rather dramatic fashion the dangers and costs of failing to consider appropriate alternatives to stringent rules when confronting environmental issues generally.

In this report the costs of segregated ballasting are estimated on an annual basis. These are then compared to an alternative but more conventional technique for reducing the operational discharge of tankers bringing oil to the U.S. The results indicate that segregated ballasting will be more expensive and strongly suggest that the notion of imposing such costly design criteria be re-examined …

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