Regional Workshop Aimed at Promoting Ratification of the Basel Protocol on Liability and Compensatio

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Regional Workshop Aimed at Promoting Ratification
of the Basel Protocol on Liability and
Compensation for Damage resulting from
Transboundary Movements of Hazardous Wastes and
their DisposalYogyakarta, Indonesia16-18 May
2006

• Financial Limits and Insurance

PHILIPPINES
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1. Does your country have difficulties with the
minimum limits of liability specified in
paragraph 2 of Annex B of the Protocol?

• Yes

2. Does your country see a need to establish
financial limits on a higher level than the ones
specified in paragraph 2 of Annex B of the
Protocol?
No. The Philippines might have difficulties in
meeting the minimum limits
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3. Are there insurance solutions available to
cover the liability specified in paragraph 2 of
Annex B of the Protocol on Liability and
Compensation? If no, are there other financial
guarantees available?
Yes, there are insurance options to cover
liability and compensation. However, amount and
coverage of the insurance should be determined by
government regulations for that matter.

• Has your country ever consulted the private
  insurance sector in this regard?
• No.

5. Does your country have any suggestions ideas
and/or comments vis-à-vis coverage for the
liability which is not based upon the private
insurance sector?
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MARAMING SALAMAT PO!!!