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Tuesday, December 12, 2017

International Oil Pollution Compensation Funds Assembly (17-21 October 2005)

INTERTANKO and ICS restate their full support for the measures that have evolved from the Working Group of the IOPC Fund Assembly.

Industry also fully supports the extension of STOPIA to all CLC 1992 States which will be of particular benefit to developing States. Further they welcome the agreement reached at the Assembly to put in place mechanisms which will result in the maintenance of a balanced sharing of the compensation amounts paid by the shipping and oil receiving industries, backed by legally binding contracts.

Noting the Assembly’s decision to terminate the work of the Working Group, INTERTANKO and ICS have confirmed their willingness to participate constructively in a new Working Group which may be set up to consider what further economic incentives may be developed to encourage quality shipping and/or discourage any substandard element in oil transportation.

They note that these decisions will help to preserve and strengthen further a regime which, from 2006, will comprise some 95 member states - a truly universal regime for compensating the victims of oil spills.

Contact: INTERTANKO

(International Association of Independent Tanker Owners)
Bill Box, Communications Manager
Phone: +44 20 7977 7023
E-mail:
bill.box@intertanko.com
Website:
http://www.intertanko.com

Contact: ICS

(International Chamber of Shipping)
Linda Howlett, General Manager (Legal)
Phone: +44 20 7417 8844
E-mail:
linda.howlett@marisec.org

Simon Bennett, Secretary ICS
Phone: +44 20 7417 8844
E-mail:
simon.bennett@marisec.org
Website: http://www.marisec.org