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International Fund For Compensation For Oil Pollution Damage News

19 Aug 2020

Wakashio Spill Highlights Importance of Adopting Latest International Legal Instruments

(Satellite image ©2020 Maxar Technologies)

The ongoing oil pollution incident from the grounded 203,000 DWT bulk carrier MV Wakashio is threatening an ecological catastrophe around the Indian Ocean island of Mauritius, endangering corals, fish and other marine life already under threat from climate change (IPCC 2018).In addition, it risks bringing devastating consequences for the economy, food security, health and tourism industry. Tourism in Mauritius - a popular destination for its pristine beaches - reportedly contributed about $1.6 billion to its economy during the last year…

07 Jul 2017

Thailand Accedes to Conventions Covering Oil Pollution Damage

Thailand has become the latest State to accede to the international conventions on Civil Liability for Oil Pollution Damage (CLC) and the Establishment of an International Fund for Compensation for Oil Pollution Damage (Fund). The CLC Convention ensures that compensation is available to people who suffer oil pollution damage from maritime casualties involving oil-carrying ships, and places liability on the owner of the ship from which the polluting oil escaped or was discharged. The International Oil Pollution Compensation Funds (IOPC Funds) provide additional financial compensation for oil pollution damage that occurs in Member States, resulting from spills of persistent oil from tankers.

27 Jul 2010

China’s Oil Pollution Laws Worth Watching

The UK P&I Club offered the following briefing on Chinese marine pollution law. Ship owners and operators trading in Chinese waters face an extensive set of new legal and regulatory requirements governing their roles and responsibilities in oil pollution incidents. China’s Prevention and Control of Marine Pollution from Ships Regulation was implemented on 1st March 2010. It dovetails with the Marine Environment Protection Law of the People’s Republic of China, laying down the principles and outlining the country’s marine pollution legal system. However, the detailed requirements under the Regulation have yet to be revealed. Chinese ministries have other supplementary regulations in the pipeline, such as the management and funding of a ship oil pollution compensation fund.

30 Oct 2003

New Compensation Limits for Oil Pollution Disasters

victims of pollution by oil from oil tankers enter into force on November 1, 2003. October 2000. (US$85 million) established in the 1992 Protocol. million SDR (US$192 million). SDR (US$285million). the Fund is made up of contributions from oil importers. be available to pay an additional amount. spread more evenly between shipowner and cargo interests.

06 Dec 2001

IMO To Hold Maritime Security Conference in December 2002

In the wake of the September 11th terrorist attacks on the USA and the subsequent global reaction, the issue of maritime security was to the fore at the 22nd Assembly of the International Maritime Organization (IMO), which met at the Organization's London headquarters from November 19 to 30, 2001. The Assembly agreed to hold a Conference on Maritime Security in December 2002, to adopt new regulations to enhance ship and port security and avert shipping from becoming a target of international terrorism. This decision followed the adoption of a resolution put forward by Secretary-General William O'Neil on Review of measures and procedures to prevent acts of terrorism which threaten the security of passengers and crews and the safety of ships.

06 Dec 2000

EU Proposes Establishment Of New Safety Agency

The European Commission proposed a range of measures on Wednesday aimed at improving shipping safety standards, including the creation of a European Maritime Safety Agency. "With these proposals ... we will be able to guarantee a European level of maritime safety in the future," an EU Transport official said. In addition to the new agency, which would check that ship inspection standards were being respected throughout the EU, the Commission proposed a new oil spill compensation fund, compulsory "black box" ship data recorders and stronger powers for national coastal authorities. The package of measures is the second set of proposed EU legislation on shipping safety since the Erika oil tanker ran aground off northern France one year ago.

02 Mar 2005

New Rules for Oil Spill Compensation Enter Force

Increased levels of compensation will be available for victims of oil pollution from oil tanker accidents on 3 March 2005 with the entry into force of the 2003 Protocol establishing an International Oil Pollution Compensation Supplementary Fund. The Fund will supplement the compensation available under the 1992 Civil Liability Convention (CLC) and the International Convention on the Establishment of an International Fund for Compensation for Oil Pollution Damage (FUND), with an additional, third tier of compensation. Participation is optional and is open to all States which are parties to the 1992 Fund Convention. The total amount of compensation payable for any one incident will be limited to a combined total of 750 million Special Drawing Rights (SDR) (just over US$1…

22 Jun 2006

Chem Spill Clean Up Protocol to Enter Force

The Protocol on Preparedness, Response and Co-operation to Pollution Incidents by Hazardous and Noxious Substances (OPRC-HNS Protocol), 2000, has now achieved enough ratifications for entry into force on 14 June 2007, twelve months after its accession by Portugal, on 14 June 2006, the 15th State to ratify the treaty. The OPRC-HNS Protocol is aimed at providing a global framework for international co-operation in combating major incidents or threats of marine pollution from ships carrying hazardous and noxious substances (HNS), such as chemicals. The OPRC-HNS Protocol follows the principles of the International Convention on Oil Pollution Preparedness, Response and Co-operation (OPRC), 1990, which itself entered into force in 1995.

20 Nov 2002

IMO Addresses Prestige Sinking

The Prestige incident has been followed closely by IMO since events began to unfold some days ago. The IMO Secretariat established contact immediately with the authorities of Spain and with the Flag State authorities of the Bahamas. As in any situation such as this, the prime concerns of IMO have been for the safety of human life and the protection of the marine environment. Despite the adverse conditions, no human life has been lost in this incident and the search and rescue authorities of Spain deserve much credit for dealing with this matter promptly and effectively and in accordance with the provisions of IMO instruments, in particular the International Convention on Maritime Search and Rescue.

09 May 2003

IMO Conference Addresses Oil Pollution Compensation

held at IMO Headquarters from 12-16 May 2003. Compensation for Oil Pollution Damage, 1992. for pollution damage caused by oil spills at sea. Protocol. regime, which will remain unaltered. regime. The limits of compensation will be set by the diplomatic conference. existing IOPC Fund system. Protocol. claims made against the supplementary Fund. laid down in the 1992 Fund Convention. Fund Assembly agrees to this arrangement. Damage, (Fund Convention) 1971 replaced the original Conventions. on the shipowner, up to a set limit. contributions by oil receivers. interests. compensation payable to victims of pollution by oil from oil tankers. enter into force on 1 November 2003. gross tonnage, up from 59.7 million SDR in the 1992 Protocol.