The International Maritime Organisation is primarily concerned with the safety of shipping and the prevention of marine pollution, but it has also introduced regulations covering liability and compensation for damage such as pollution caused by ships. In March 2001, the International Maritime Organisation finalised a new convention to apply the principles of the Civil Liability Convention to all types of commercial shipping such as bulk carriers and container ships. This convention, the International Convention on Civil Liability for Bunker Oil Pollution Damage 2001, better known as the Bunkers Convention, provides for ship owners to be strictly liable for fuel oil spills and requires them to carry compulsory insurance to cover any pollution damage following such a spill. In accordance with a commitment in the Government's ocean policy, Australia was closely involved in the development of this convention which is expected to enter into force internationally within the next few years.