Common use of Pollution Prevention and Responsibility Clause in Contracts

Pollution Prevention and Responsibility. In the event that any Product is spilled, released, discharged or otherwise escapes to land, surface or ground waters, navigable or non-navigable (otherwise known as an "Occurrence") during the loading or discharging of any Vessel, or during the course of transporting the Product in the performance of the Agreement, the parties shall each take such reasonable measures as are necessary to protect against or mitigate any resulting environmental damage or as required by any governmental authorities. All Vessels shall comply with and meet any financial responsibility requirements under oil pollution and spill prevention laws or regulations as may be applicable to the transaction as described in the Agreement, or any Contract hereunder. All Vessels shall carry on board a current U.S. Coast Guard Certificate of Financial Responsibility.