Friday, 02 November 2018 08:00

IOPC Funds celebrate 40 years

534 IPOC 40 years

 

The International Oil Pollution Compensation Funds (IOPC) has provided assistance in 150 oil spill incidents since its inception in 1978. IOPC-funds began with the Torrey Canyon oil spill in 1967, were it was clearly demonstrated that there was a need for an effective international regime to pay for damages caused by major oils spills. The IOPC-funds are financed by contributions from organizations receiving oil shipments by sea in ports and terminals located in the IOPC member states.

 

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