iopc fund member states

Member States in which no company or entity is liable to pay contributions to the 1992 Fund and/or the Supplementary Fund should notify the Director using the Nil declaration form. PDF Liability and Compensation for Ship-source Oil Pollution secretariat of the International Oil Pollution Compensation (IOPC) Funds, are gratefully acknowledged, as are the comments provided by UNCTAD colleagues, in particular Jose M. Rubiato. the IOPC Funds and welcomed the cooperation between the two organizations. REPORT ON RECEIPTS OF CONTRIBUTING OIL - IOPC Funds Pages ... PDF ATION PAPER ON TH E IMPACT OF EUROPEAN COUNCIL ... - MyCoracle 22 Assembly of the IOPC Fund, varies, depending on the number and size of claims expected. Only States can become Members of the IOPC Funds. The Group organised a two-hour presentation on 18 June 2019 for Member States' delegates participating in the 2019 IOPC Funds short course. The guidance marks a significant milestone, concluding more than five years of consultation on the subject. PDF Role of Member States The Convention will enter into force for . At the IOPC Funds' April 2016 meeting, the guidance was even supported by member states who had either been doubtful as to its usefulness or Addressing the IOPC Funds annual meeting Sivertsen said: "I look forward to engaging with you all — the member states, the members of the secretariat, industry and other stakeholders on how best . By Seun Ibiyemi The National Standing Committee (NSC), International Oil Pollution and Compensation (IOPC), has said that Nigeria has not contributed to the IOPC's fund in the last three years. The IOPC Funds provide compensation for oil pollution damage resulting from spills of persistent oil from . The HNS Fund is expected to function similarly to the International Oil Pollution Compensation Funds (IOPC Funds) and will be governed by an Assembly composed of Government representatives from its Member States. The organisation's secretariat is based . company or other entity) in that State who is liable to pay contributions to the IOPC Funds' Short course 2019 - Group participation - The ... Over the years (up to August 1993), the IOPC Fund has been involved in 66 incidents and has paid US$92 million to victims. The reports must reach the Director no later than 30 April each year. 1.2 The total amount of compensation available under the 1992 Conventions is 203 million Special . As the number of member States of the 1971 Fund falls, so the total quantity of oil on which contributions are levied decreases. "Any individual, business, local authority or state who has suffered a loss due to oil pollution damage in member state can claim compensation if they have quantifiable evidence of loss suffered. The Committee expressed its appreciation to the IOPC Funds for the preparatory work, in particular their continued engagement with the Member States which were considering 1.2 The Chinese Government established the 'Chinese Ship-source Oil Pollution Compensation Fund' (hereafter referred to as the COPC Fund) on 1 July 2012 on the basis of . The 109 Member States of the 1992 Fund International in ... Figure 3 shows the total cost of oil pollution damage supported by the 1971 fund from 1979 to 1997. 1 IOPC Funds The IOPC Funds provide a second tier of compensation over and above the CLC compensation regime in those countries which have signed or acceded to the . We are lucky that we are not the major contributor to the fund. The International Oil Pollution Compensation Funds (IOPC Funds) provide financial compensation for oil pollution damage that occurs in Member States, resulting from spills of persistent oil from tankers. These States can also be viewed by map or list below. Organigram 1992 Fund Assembly 1992 Fund Executive Committee Supplementary Fund Assembly Director Secretariat Investment Advisory Body Audit Body Local Claims Handling Office Technical Experts Fund Lawyers . The IMO, together with the International Oil Pollution Compensation Funds (IOPC Funds) and the International Tanker Owners Pollution Federation (ITOPF), is urging member states to ratify and . To assess the potential impact of the latest EU Members of NSC include relevant federal government ministries, regulatory agencies, oil companies, shipping companies and relevant non-governmental organisations. International Oil Pollution Compensation Funds (IOPC Funds) | 1,064 followers on LinkedIn. Members of NSC include relevant federal government ministries, regulatory agencies, oil companies, shipping companies and relevant non-governmental organisations. Nigeria which is, however, one of. shipowners liability, additional compensation is provided by the IOPC Fund financed by contributions from oil receivers in Fund Member States. Norway was also one of the founding members of the Supplementary Fund, and was further the first state to ratify the 2010 HNS Convention. The history of the IOPC Funds began with the oil spill from the Torrey Canyon, which ran aground near the Scilly Isles in 1967, fouling UK and French coastlines. Member States can request access to the ORS by contacting oilreporting@iopcfunds.org. In order to address To become a member of the Fund, a State must accede to the 1992 Civil Liability Convention and to the 1992 Fund Convention by depositing a formal instrument of accession . These figures shall be considered carefully since the number of member states increased during this period: with 19 members in 1979, the 1971 fund had 75 members in 1975. In a number of recent landmark cases such as PRESTIGE and ERIKA, the national courts applying domestic legislation have rendered judgements with potential . Each year, Member States should report to the Director: (1) the name and address of any person (i.e. Welcome to the IOPC Funds' Online Reporting System Member States of the IOPC Funds are obliged to submit reports on contributing oil to the Secretariat, annually. Norway attaches great importance to the work of the IOPC Funds and has been an active member since its inception. Thanks are also due to Monia Spinardi from the International Maritime Organization The International Oil Pollution Compensation (IOPC) Funds have provided financial help in 150 oil spill incidents since 1978. International organisations, including the IOPC Funds, IMO and ITOPF, as well as a number of international and domestic industry Status Composed of 2 inter-governmental organizations, namely: '1992 Fund', which has an Assembly comprising 115 Member States as of 1 Jul 2019, and Executive Committee of 15 elected Member States; 'Supplementary Fund', which has an Assembly, comprising 32 Member States as of 1 Jul 2019. The Member States are responsible for: Implementing the Modernisation Fund in their territory. There are 102 contributing member states, but 11 countries are contributing 80 % while the others contribute 20 % and Nigeria is in that group that contributes 20 %. Another example of the implementation of a fund that involves active participation between states and industry is the International Oil Pollution Compensation Funds (IOPC Funds). Administered by Secretariat, comprising Director's Office and 3 . IOPC Funds' Short course 2019 - Group participation. The 109 Member States of the 1992 Fund International in 2012 Oil Pollution Compensation Funds • Albania • Algeria • Angola • Antigua and Barbuda • Argentina • Australia • Bahamas • Bahrain • Barbados • Belgium • Belize • Benin • Brunei Darussalam • Bulgaria • Cambodia • Cameroon • Canada • Cape Verde • China<1> at the IOPC Funds, may comment further on the matter moving forward. - The 1992 International Oil Pollution Compensation Fund ("1992 IOPC Fund" or "1992 Fund") has the responsibility of administering the regime of compensation created by the 1992 Fund Convention. of the 1992 Fund sixth Intersessional Working Group to concentrate further discussion on those contributions from Member States which, by way of changes to the Claims Manual/rules/policies, would give the Secretariat and IOPC Funds more flexibility in the assessment procedure, specifically those contained in section 4 of document IOPC/JUL11/7/1. How does the IOPC Funds process work? 63 As a result, the potential financial exposure arising for those Contracting States that are required to contribute to the 1992 IOPC Fund may also vary from year to year. Only States can become Members of the IOPC Funds. Partnerships - Promoting Effective Spill Response - ITOPF. Member States may wish to consult with the shipowner's P&I Club and/or the Director of the IOPC Funds prior to applying any of the following proposed measures. Only States can become Members of the IOPC Funds. These meetings provide the opportunity to maintain contact and dialogue with delegates representing international organizations and government agencies of IOPC Funds member states. The governing bodies of the organizations, consisting of each Funds Member States, meet twice per year to make decisions on compensation payments, policy matters and budgetary matters However, an overview of annual contributions levied by the 1992 IOPC Fund during the period 1996-2010 provides some indication of . The International Oil Pollution Compensation Funds are three intergovernmental organisations (the 1971 Fund, the 1992 Fund and the Supplementary Fund) which provide compensation for oil pollution damage resulting from spills of persistent oil from tankers. Download the report forms from the links below. The IOPC Fund provides financial compensation for oil pollution damage that occurs in its Member States, resulting from spills of persistent oil from tankers. 1.2 The Kingdom of Thailand acceded to the 1992 Fund Convention on 7 July 2017. The presentation was attended by delegates from Angola, Argentina, Canada, Croatia, Ghana, Greece, Japan, Malta, Mexico, Morocco, Mozambique . Claims are assessed according to criteria established by the governments of IOPC Funds member states. The IOPC Funds are two inter-governmental organisations (the 1992 Fund and the Suppementary Fund), which provide compensation for oil pollution damage resulting from spills of […] of the 1992 Fund sixth Intersessional Working Group to concentrate further discussion on those contributions from Member States which, by way of changes to the Claims Manual/rules/policies, would give the Secretariat and IOPC Funds more flexibility in the assessment procedure, specifically those contained in section 4 of document IOPC/JUL11/7/1. Member States. States should consider becoming Members of the 1992 Fund, but not of the 1971 Fund which will be wound up in the near future. The International Convention on the Establishment of an International Fund for Compensation for Oil Pollution Damage, 1992, often referred to as FUND92 or FUND, is an international maritime treaty, administered by the International Maritime Organization.The original FUND convention in 1969 was drawn up as an enhancement to CLC meant on one hand to relieve shipowners from unfair liabilities due . IOPC FUNDS | Membership Home About us Membership Parties to the international liability and compensation Conventions There are currently 120 States Parties to the 1992 Fund Convention and 32 States Parties to the Supplementary Fund Protocol. A third tier of compensation is also available to claimants in States that are Members of the Supplementary Fund. The HNS Fund will provide the second tier of compensation and will be administered by a Secretariat and headed by a Director. the representatives of IOPC Fund Member States were present. What is IOPC in shipping? By becoming a Party to the 1992 Fund Convention a State automatically becomes a Member of the 1992 IOPC Fund. 1992 Fund Convention, or are incidents that are unlikely to result in claims exceeding the shipowner's limit of liability under the 1992 CLC. Contributions are payable by those who import more than 150,000 tonnes of oil. Los FIDAC están bajo la supervisión de su Asamblea, que está formada por todos los Estados miembros. However, recent court decisions in IOPC Funds Member States have been the subject of considerable discussion within the 1992 Fund governing bodies and the maritime industry at large 7. Selecting the investment proposals they would like to support from their Modernisation Fund share. The Healthcare Reform Toolkit is an evolving interactive website designed to educate neuropsychologists about healthcare reform and share effective practice models José Maura re-elected as IOPC Fund director. • It has been involved in some 150 The IOPC is a super committee of AACN, NAN, D40, and ABN, tasked with coordinating advocacy efforts and improving the practice climate for Neuropsychology. The IOPC Funds provide compensation for oil pollution damage resulting from spills of persistent oil from . It is an international maritime treaty drawn up in response to the initial 1969 CLC fund treaty and is administered by the International Maritime Organization (IMO). Such an initiative should be based on the recommendation of IMO or the IOPC Funds. The Administrator also attends meetings of the International Oil Pollution Compensation Funds (IOPC Funds) on average twice every year. The International Oil Pollution Compensation Funds (IOPC Funds) provide financial compensation for oil pollution damage that occurs in Member States, resulting from spills of persistent oil from tankers. Member states present were asked to vote whether or not they "agree that, with effect from expiry of the last day of the financial year of 2014 . The IOPC Audit Body also provides an independent oversight of the IOPC Funds' management and financial systems, financial reporting, internal controls, operational procedures, risk . 02 Feb 2022. Submitting an indicative overview of their planned investments to the Commission, the EIB and the Investment Committee. The IOPC Funds are funded by the oil industry and managed by Governments. IOPC FUNDS | Membership Map Home Membership Map Parties to the international liability and compensation Conventions There are currently 120 States Parties to the 1992 Fund Convention and 32 States Parties to the Supplementary Fund Protocol. The IOPC Funds Introduction • The International Oil Pollution Compensation Funds are two intergovernmental organisations - 1992 Fund - Supplementary Fund • Provide compensation for oil pollution damage resulting from spills of persistent oil from tankers. as in the interventions of several Member States who shared the view that the judgment was apparently inconsistent with the provisions of the 1992 Civil Liability and Fund Conventions. They can be reached through their website contact form or at +44-20-7592-7100. The 1992 IOPC Fund governing bodies discussed the developments in a number of incidents involving the IOPC Fund and considered the revised text of the Claims Manual and the role Member States could play following an oil spill incident. IOPC Funds. A further eight States are required to bring the instrument into force and this is expected to be achieved by 2020/2021. The IOPC Funds are financed from contributions levied on entities in member States which receive more than 150,000 tonnes of contributing oil in one . IOPC Funds' governing bodies would need to take whatever action they deemed appropriate in . Norway attaches great importance to the work of the IOPC Funds and has been an active member since its inception. In most cases, claims can be sent directly to the offices of the IOPC Funds. The 1992 Fund is administered by a Secretariat located in London, United Kingdom. - Failure by State to ensure that shipowners maintain right type of insurance cover - Court judgments not following decisions of Member States - IOPC Funds may be forced to pay compensation for non-admissible claims •CLC/Fund Conventions must be implemented to ensure equal treatment between Member States (fairness). 67 The IOPC Funds provide financial compensation for oil pollution damage that occurs in member states resulting from persistent spills of oil from tankers. States should consider becoming Members of the 1992 Fund, but not of the 1971 Fund which will be wound up in the near future. Oct 21 2016. These Conventions should be incorporated into the national law of the State concerned. The 1992 Fund has 114 Member States, 31 of those are also Supplementary Fund Member States. 68 Notably . (IMO) and the International Labour Organization, Canada is an active member of two bodies that address legal issues related to maritime transportation. This paper will Nevertheless, ITOPF has been assisting the IOPC Funds and Member States in the response to incidents and the subsequent assessment of claims arising under the Request the Member States issuing the problematic CLC certificate to report to the Director (IMO, IOPC Funds) The Member States November 2015 1992 Fund Convention (114 Member States) 1992 Civil Liability Convention (133 . IOPC/APR16/5/1 - 3 - 3.2 Eleven IMO Member States were represented at the workshop: Belgium, Canada, Denmark, Finland, Germany, Italy, Japan, Norway, Portugal, Sweden, and the United States. The IOPC Funds have been involved in 150 incidents since 1978 and have paid some £600 million in compensation. IOPC/APR12/9/1 - 3 - 2.4 Impact on the 1992 CLC and IOPC Funds regime 2.4.1 Potentially, there is a significant financial impact on the 1992 Fund and the Supplementary Fund Member States as a result of the latest EU sanctions. The IOPC Funds are overseen by their Assembly, which comprises all the member States. The Funds' Internal Regulationsrequire that the reports should be submitted using this form and no later than 30 April each year.Member States in which no company or entity is liable to pay contributions to the 1992 Fund and/orthe Supplementary Fund should notify the Director accordingly.Please note that a company or entity which receives . "Also, the IOPC fund is financed by contributions of any person or entity receiving more than 150,000 tons of oil in a calendar year in member states. How does the IOPC Funds work? As the International Group stated at the time, it was still evaluating the potential impact of the judgment . To become a member of the Fund, a State must accede to the 1992 Civil Liability Convention and to the 1992 Fund Convention by depositing a formal instrument of accession . These are the Legal Committee of the IMO and the Assemblies of the International Oil Pollution Compensation Funds. Nigeria which is, however, one of the 120 countries that are member states is currently faced with challenges of paying its contributory levy to the IOPC funds in the last three years. The International Maritime Organization (IMO), together with the International Oil Pollution Compensation Funds (IOPC Funds) and the International Tanker Owners Pollution Federation (ITOPF), is urging its Member States to ratify and implement a key compensation treaty covering the transport of hazardous and noxious substances (HNS) by ship. The 1992 Fund Assembly has re-elected José Maura Barandiarán of Spain as director of the IOPC Funds for a second term. • 1992 Fund has 114 Member States. There are currently three IOPC Funds : the 1971 Fund, the 1992 Fund and the Supplementary Fund. 1 1992 Fund Convention 1.1 At the opening of the 22nd session of the 1992 Fund Assembly in October 2017, 114 States will be Members of the 1992 Fund. The International Oil Pollution Compensation Fund 1992 (also known as the 1992 Fund or the IOPC Fund 1992) is a worldwide intergovernmental organisation that provides compensation for oil pollution damage resulting from spills of persistent oil from tankers. IOPC. Club but where that vessel had caused pollution damage in a 1992 Fund/Supplementary Fund Member State and such damage had occurred during a voyage that was in breach of sanctions legislation. This incident exposed a number . industry, with the IOPC Funds being financed by those entities receiving oil in Member States. Member State obligations are set out in Article 15.2 of the 1992 Fund Convention and Article 13.1 of the Supplementary Fund Protocol. The International Oil Pollution Compensation Funds (IOPC Funds) provide financial compensation for oil pollution damage that occurs in Member States, resulting from spills of persistent oil from tankers. Submission of Oil Reports Aliyu explained that with IOPC fund convention, nations were assessed based on the quantity of oil they receive. The International Oil Pollution Compensation Funds (IOPC Funds) are part of an international liability and compensation regime for oil spills from tankers. 3.1.5 It was recalled that the Executiire Committee had taken the view that the policy of the IOPC Fund should be to take recourse action whenever appropriate and that the Fund should in each case consider 1992 Fund Assembly and Supplementary Fund Assembly Information to be noted. Norway has a long and proud maritime history and has been one of the world's leading . Maura has worked for the IOPC Funds for 20 years and, having headed the claims department since 2002, was elected director for an initial five-year term in 2011. At a Diplomatic Conference of September 2000 dealing with the revision of the winding up of the 1971 Fund (see below) IMO member states were urged to adopt the 1992 CLC Protocol. To become a member of the Fund, a State must accede to the 1992 Civil Liability Convention and to the 1992 Fund Convention by depositing a formal instrument of accession with the Secretary-General of IMO. Some Member States have reported that they are already following such practice. 1.1 China is a Member State of the International Oil Pollution Compensation Fund 1992 (the 1992 Fund), which applies to the Hong Kong Special Administrative Region only. In anticipation of implementation, the IOPC Funds' Secretariat is undertaking preparatory work to set up the necessary facilities, support services and claims-handling arrangements for the HNS Fund. LIST OF MEMBER STATES, OBSERVER STATES AND INTERGOVERNMENTAL AND NON-GOVERNMENTAL ORGANISATIONS WHICH HOLD OBSERVER STATUS WITH THE IOPC FUNDS 1992 Fund Executive Committee Members Canada Ecuador Germany Ghana India Italy Liberia Malaysia Marshall Islands Morocco Netherlands Philippines Republic of Korea Spain Thailand The IOPC Fund pays compensation to victims of oil pollution in member states when the compensation from the shipowner and his insurer is insufficient. 1.3 This document contains the revised proposed measures for consideration by the 1992 Fund Assembly. Nigeria which is, however, one of the 120 countries that are member states is currently faced with challenges of paying its contributory levy to the IOPC funds in the last three years.ADVERTISEMENTHowever, speaking on Wednesday, at the 6th Sub-Committee Meeting of NSC, for the Implementation of the International Oil Pollution Compensation (IOPC . International Oil Pollution Compensation Funds (IOPC Funds) | 1,064 followers on LinkedIn. Norway has a long and proud maritime history and has been one of the world's leading . Norway was also one of the founding members of the Supplementary Fund, and was further the first state to ratify the 2010 HNS Convention. In the IOPC Fund meetings held last week, the Administrative Council of the 1971 IOPC Fund has voted in favour of winding up the 1971 Fund by a majority of 29 to 14, with three states abstaining. The IOPC Funds are two intergovernmental organizations (the 1992 Fund . This treaty includes the International Oil Pollution Compensation Funds (IOPC Funds) that was created in response to the 1967 Torrey Canyon spill. INCIDENTS INVOLVING THE IOPC FUNDS - 1992 FUND . 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