[tfourb]

If at each transaction the prior owner would have to do serious due diligence on the likelihood of the next owner to dispose of the ship sustainably and would be liable for the method of the due diligence, it would preclude unreliable owners from ever buying the ship. And in well regulated economies, going bankrupt is not actually a license to ignore your corporate responsibilities. Owners and executives retain personal liability until the entity is actually dissolved, including assets like ships.

This is actually how we do a lot of regulation quite successfully, when we care about the outcome. There is not actually a government regulator sitting on every assembly line of every factory. Companies mostly self certify that they adhere to regulation and face steep liability if they don’t.