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We have received word through a letter to the PCG that the ship-owners'
insurer, the Protection and Indemnity Club and its partner the International
Oil Pollution Fund, have confirmed their obligation of providing compensation
to the victims of the incident. They have tasked Steven Adjusters to be the
focal point for receiving all pollution damage claims arising from this
incident. The P&I Club is keen to evaluate claims and make reimbursements
without delay The Club and IOPC will conduct a series of claims workshops in
the affected areas to facilitate the claims-making process.
The insurance for the oil pollution damage for MT Solar 1
includes:
Property
Clean-up (sea and onshore)
Economic losses (fishermen/mariculture)
Economic losses (tourism)
Reinstatement of the environment
Total amount of cover is about USD 300 million
Please view the
Executive Brief - Oil Pollution Cover
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