Supreme Court rules CITGO subsidiary must cover oil spill costs
An oil refining company has to cover cleanup costs that the owner of a vessel it was using incurred for a 2004 oil spill in the Delaware River, the Supreme Court found March 30. The ruling in the case, cited as CITGO Asphalt Refining Co. (CARCO) v. Frescati Shipping Co. Ltd., clarifies liability for spills and other maritime accidents in the future, clearing up a disagreement over contract boilerplate. CARCO was supposed to ensure the safe arrival of a tanker it chartered to deliver crude oil from Venezuela to the company’s refinery near Philadelphia, the court determined. Because CARCO failed to do what … Continue reading Supreme Court rules CITGO subsidiary must cover oil spill costs
