Company: DSX-PB
Filing Date: 2025-03-21
Form Type: 20-F
Source: 0001562762-25-000050
Chunk: 110

Company: DIANA SHIPPING INC.
Filing Date: 2025-03-21
Form: 20-F
Item: Item 4
Chunk 110
---
) for

pollution damage in jurisdictional

waters of ratifying states

caused by

discharges of

bunker fuel.

The Bunker

Convention requires registered

owners of

ships over

1,000 gross

tons

to

maintain

insurance

for

pollution

damage

in

an

amount

equal

to

the

limits

of

liability

under

the

applicable

national

or

international

limitation

regime

(but

not

exceeding

the

amount

calculated

in

accordance with the LLMC).

With respect to non-ratifying

states, liability for spills or

releases of oil carried

as fuel

in ship’s

bunkers typically

is determined by

the national

or other

domestic laws

in the

jurisdiction

where the events or damages occur.

Ships are

required to

maintain a

certificate attesting

that they

maintain adequate

insurance to

cover an

incident. In jurisdictions, such

as the United

States where the

Bunker Convention has not

been adopted,

various legislative schemes or

common law govern, and

liability is imposed either

on the basis of

fault or

on a strict-liability basis.

Anti-Fouling Requirements

In 2001, the IMO adopted the International Convention on the Control

of Harmful Anti-fouling Systems on

Ships,

or

the

“ Anti-fouling

Convention.”

The

Anti-fouling

Convention,

which

entered

into

force

on

September 17,

2008,

prohibits

the

use

of

organotin

compound

coatings

to

prevent

the

attachment

of

mollusks and other sea life

to the hulls of vessels.

Vessels of over 400 gross tons engaged in

international

voyages will also be required to undergo an initial survey before

the vessel is put into service or before an

International Anti-fouling System Certificate is issued for

the first time; and subsequent

surveys when the

anti-fouling systems

are altered

or replaced.

Vessels of 24

meters in

length or

more but

less than

400 gross

tonnage engaged in international voyages will have to carry a Declaration on Anti-fouling Systems signed

by the owner or authorized agent