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Legal Committee Of Imo News

09 Dec 2004

Supplementary Fund for Compensation for

Increased levels of compensation will be available for victims of oil pollution from oil tanker accidents, following the ratification by Spain (on Friday 3rd December) of the 2003 Protocol establishing an International Oil Pollution Compensation Supplementary Fund. Spain's ratification means the instrument has now reached the entry into force criteria (ratification by at least eight States who have received a combined total of 450 million tons of contributing oil) set at its adoption by a diplomatic conference held at IMO Headquarters in London in May 2003. The new Fund will come into existence on 3 March 2005, three months after the date of Spain's ratification.

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…

07 Jan 2003

Legal Committee of IMO to Meet in London

The Legal Committee of IMO will meet in London on April 28 - May 2. Items on the provisional agenda include the draft convention on wreck removal; review of the Convention for the Suppression of Unlawful Acts against Marine Navigation; provision of financial security relating to carriage of passengers and claims for death, personal injury, and abandonment of seafarers; places of refuge; and treatment of persons rescued at sea.

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.