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Basel Convention on the Control of Transboundary Movements

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ARTICLE 12<br />

Financial limits<br />

1. Financial limits for <strong>the</strong> liability under Article 4 <strong>of</strong> <strong>the</strong> Protocol are<br />

specified in Annex B to <strong>the</strong> Protocol. Such limits shall not include any<br />

interest or costs awarded by <strong>the</strong> competent court.<br />

2. There shall be no financial limit <strong>on</strong> liability under Article 5.<br />

ARTICLE 13<br />

Time limit <strong>of</strong> liability<br />

1. Claims for compensati<strong>on</strong> under <strong>the</strong> Protocol shall not be admissible<br />

unless <strong>the</strong>y are brought within ten years from <strong>the</strong> date <strong>of</strong> <strong>the</strong> incident.<br />

2. Claims for compensati<strong>on</strong> under <strong>the</strong> Protocol shall not be admissible<br />

unless <strong>the</strong>y are brought within five years from <strong>the</strong> date <strong>the</strong> claimant knew<br />

or ought reas<strong>on</strong>ably to have known <strong>of</strong> <strong>the</strong> damage provided that <strong>the</strong> time<br />

limits established pursuant to paragraph 1 <strong>of</strong> this Article are not exceeded.<br />

3. Where <strong>the</strong> incident c<strong>on</strong>sists <strong>of</strong> a series <strong>of</strong> occurrences having <strong>the</strong><br />

same origin, time limits established pursuant to this Article shall run from<br />

<strong>the</strong> date <strong>of</strong> <strong>the</strong> last <strong>of</strong> such occurrences. Where <strong>the</strong> incident c<strong>on</strong>sists <strong>of</strong><br />

a c<strong>on</strong>tinuous occurrence, such time limits shall run from <strong>the</strong> end <strong>of</strong> that<br />

c<strong>on</strong>tinuous occurrence.<br />

ARTICLE 14<br />

Insurance and o<strong>the</strong>r financial guarantees<br />

1. The pers<strong>on</strong>s liable under Article 4 shall establish and maintain<br />

during <strong>the</strong> period <strong>of</strong> <strong>the</strong> time limit <strong>of</strong> liability, insurance, b<strong>on</strong>ds or o<strong>the</strong>r<br />

financial guarantees covering <strong>the</strong>ir liability under Article 4 <strong>of</strong> <strong>the</strong> Protocol<br />

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