John Browne (Wexford, Fianna Fail)

There is nothing wrong with looking at how we market our products. I know BIM has met with the Minister and Members from all sides of the House have made representations on the issue. It is under discussion and I will keep the Senator informed as the debate evolves.

Senator Finucane also raised the single-hull ban. The regulation has been in force in the EU since 21 October 2003. EU member states seeking similar arrangements must apply to international standards.

In response to an issue raised by Senator Kenneally, the previous Bill was fast tracked to meet the deadline of 1 November 2003. This Bill provides for the remaining items. Regarding the Bunkers Convention, the EU urged member states to introduce legislation and this Bill fulfils that requirement. Limits of compensation are covered in a recent Bill and sanctions are currently under discussion at EU working group level.

Senator Kenneally also raised the issue of insurance for our flag carrying vessels. Any ship carrying more than 2,000 tonnes of oil in bulk as cargo is required to have insurance or other financial security, such as the guarantee of a bank that covers liability for pollution damage under this convention. We cannot allow any such ship under the Irish flag to trade without a certificate of insurance. Ireland currently has no oil tankers under its flag.