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This master’s final thesis is purposive to analyze the International compensatory system on the damage caused by oil pollution. There are discussed the stages of the formation of the current system identifying the concrete premises, which have determined the origin of each compensatory level and its obliged regulation. There is indicated that every tanker which is responsible under this system has to face strict liability. Specific attention has been paid to each separate element of this system and uncover characteristic features for it. After research concluded in the master’s final thesis there are defined that at this moment operate particular compensatory system which ensure the reimbursement for every damage caused by oil spill. Although this system has been prevailing for 40 years but it always had to face with financial difficulties which were impacted by more and more tankers incidents in the sea. Thereby, for the lean working of this system there must be implanted prevented measures which ensure much safer navigation at sea. Also there is discussed new third compensatory element which have started to operate since 2005 years but it still hasn’t happened any major tanker’s incident to test how this element can cope with financial burden in reality. In the master’s final thesis there talked over the first and the second compensatory elements and international compensatory funds which are recognized as intergovernmental organizations responsible for these compensatory... [to full text]