It should be noted that the need for international regulation to provide for liability and compensation for transboundary pollution damage resulting from offshore exploration and exploitation activities was again considered by the IMO Legal Committee at its 102nd session. However, following discussion, the Legal Committe decided that there was currently no compelling need to develop an international convention and, as already agreed at its previous sessions, guidance on bilateral or regional agreements should continue to be developed (IMO, 2015g).