The discussion therein does not follow neatly the regulations of the annexes but instead is grouped and organized around the main issues concerning the respective annex, while in the same time references to the specific provisions are provided everywhere should the reader needs to consult the exact provision or to get acquainted with further details. The third and lengthiest section attempts to translate the wordy and complicated technical provisions of the Convention into a simplified account of what shipowners should comply with. The second section provides understanding of why compliance with MARPOL is vital not only for the environment but also for the shipowners and their liability insurers. The first section is a general overview of the MARPOL 73/78 and its structure and functioning. The research paper is based on three main points. This is an essential topic since nations are becoming increasingly aware of the tremendous damage that is caused by environmental pollution and, accordingly, port authorities are taking a hard line as regards the application and compliance with the regulations of MARPOL. The current paper aims at clarifying the extensive MARPOL 73/78 – the IMO’s first and only integrated and all-embracing convention targeting pollution from ships – and its effects on the shipping industry, in particular shipowners and their P&I insurers.
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