With the insurance coverage of the sunken MT Princess Empress facing a snag due to controversy surrounding its authority to travel, the PCG has sought the assistance of the IOPC Funds to boost the country’s efforts in cleaning up the oil spill.
The Japanese ROV was also able to confirm that oil leaks were observed from all its eight compartments, containing 900,000 of industrial fuel oil. The IOPC Funds are made up of two intergovernmental organizations, the 1992 Fund and the 2003 Supplementary Fund Protocol, which provide compensation for oil pollution damage resulting from spills of persistent oil from tankers.
According to the IOPC, a delegation representing the Philippine government visited the IOPC Funds’ offices in London on March 15 to meet with the director and a member of its claims department. “However, it is too early to determine whether the Convention would apply to this incident at this stage,” it noted.
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