Proposed amendments to the "Law on Liability for Oil Pollution Damage,1975"(Part 2) -Increase in the Amount of Compensation to Persons, suffering Pollution Damage – 12 March 2004 No.03-023 Members are kindly requested to refer to our Special Circular No. 03-005 dated 3 June 2003 titled "International Supplementary Fund for Compensation to the 1992 Oil Pollution Compensation Fund Convention." (hereinafter referred as the '3rd Tier Protocol') The Cabinet of Japan approved the captioned draft legislation on 24 February 2004 and submitted on the same day to the Diet which is now in session. The main features of the draft legislation are: a) to raise the limitation amount of compensation available to victims of pollution caused by tankers carrying crude oil corresponding with the 3rd Tier Protocol and b) enactment of provisions so as to substantiate protection of victims from oil pollution caused by non-tank vessels and removal of wreck of them. Set out below is explanation about item a) above and please refer for details regarding item b) above to our separate Special Circular No.03-022 of 12 March 2004 titled "Proposed amendments to the 'Law on Liability for Oil Pollution Damage, 1975' (Part 1) in relation to the measures for abandoned ships on Japanese coast". 1. Points of amendments/Increase in compensation to persons suffering from oil pollution by tankers. Any person suffering from pollution damage, if such person has been unable to obtain full and adequate compensation for the damage under the scheme provided by the Protocol of 1992 to amend the International Convention on Civil Liability for Oil Pollution Damage, 1969 (hereinafter referred as the "1992 CLC") and the Protocol of 1992 to amend the International Convention on the Establishment of an International Fund for Compensation for Oil Pollution Damage, 1971 (hereinafter referred as the "1992 FC"), shall be able to ask for further compensation from the Supplementary Fund in accordance with the Paragraph 1, Ar