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Basel Protocol on Liability Financial Limits and Insurance József Kelemen Ministry of Environment and Water.

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Presentation on theme: "Basel Protocol on Liability Financial Limits and Insurance József Kelemen Ministry of Environment and Water."— Presentation transcript:

1 Basel Protocol on Liability Financial Limits and Insurance József Kelemen Ministry of Environment and Water

2 AGENDA Addressing Aspects and Obstacles to the Process of Ratification on the basis of the Questionnaire No. 3 2

3 1. Minimum limits of liability Yes, our country has difficulties with the minimum limits of liability specified in paragraph 2 of Annex B of the Protocol on Liability and Compensation. 3

4 2. Establishing financial limits on a higher level No. We are waiting for the decision on this topic by the EU Commission. 4

5 3. Available insurance solutions There are no insurance solutions available to cover the liability specified in paragraph 2 of Annex B of the Protocol on Liability and Compensation in Hungary. Our undertakings can use financial guarantees provided by banks. 5

6 4. Private insurance sector We have not consulted the private insurance sector in this regard. 6

7 5. Suggestions, ideas and/or comments Nothing specific. 7

8 Thank you for your attention!


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