With the objective of assuring prompt and adequate compensation in respect of all damage caused by pollution of the marine environment, States shall cooperate in the implementation of existing international law and the further development of international law relating to responsibility and liability for the assessment of and compensation for damage and the settlement of related disputes, as well as, where appropriate, development of criteria and procedures for payment of adequate compensation, such as compulsory insurance or compensation funds.
Zaradi zagotovitve hitre in ustrezne kompenzacije zaradi vsake škode, povzročene z onesnaženjem morskega okolja, sodelujejo države pri uresničevanju veljavnega mednarodnega prava in pri nadaljnjem razvoju mednarodnega prava, ki se nanaša na odgovornost za ocenitev in povračilo škode ter na reševanje sporov, ki nastanejo v zvezi s tem, obenem pa tudi, kjer je za to možnost, pri izpopolnjevanju kriterijev in postopkov za izplačilo ustrezne odškodnine, kot so obvezno zavarovanje ali kompenzacijski skladi.