IOPC Funds address risks of uninsured and unsafe ships
02 May 2024The governing bodies of the International Oil Pollution Compensation (IOPC) Funds met from 29 April to 1 May 2024 in London to consider various ongoing issues relating to the Funds’ work, including compensation and treaty matters. BIMCO has observer status at the Funds which provide compensation for oil pollution damage resulting from oil spills from tankers and therefore play a key role in the international liability and compensation regime for oil pollution damage.