IOPCF

AcronymDefinition
IOPCFInternational Oil Pollution Compensation Fund (UK)
References in periodicals archive ?
The Maritime Confederation has issued a writ at the commercial court of Lorient, against the IOPCF (International Oil Pollution Compensation Fund), accusing it of odefraudingo the fishermen in the Bay of Morbihan, who are contesting the damages awarded to them.
The decision by the IOPCF to grant minimum compensation to the victims of the Prestige oil slick has caused an outcry in France, both amongst the people directly affected from the Basque Country to Brittany and amongst environmentalists, who have stressed the urgent need for a wholesale reform of a totally ineffective compensation system.
It is for this reason that the European Union has expressed its intention of defending, at the IOPCF diplomatic conference to be held in London on 12-16 May, the principle of raising the ceiling of compensation to Euro 1 billion.
Over and above these measures, the Commission will ask the Member States to guarantee early adoption of the compensation fund being discussed within the International Maritime Organisation (IMO) and which is meant to complement the IOPCF (international oil pollution compensation fund) for oil pollution.
The Protocol concerns the establishment of a fund to supplement the IOPCF in order to increase the amount of compensation that can be claimed by communities affected by oil spills.