What IOPC FUND 1992 - International Oil Pollution Compensation Fund Convention and Supplementary Fund Protocol requires
The International Convention on the Establishment of an International Fund for Compensation for Oil Pollution Damage, 1992 (Fund Convention 1992) establishes the International Oil Pollution Compensation Funds (IOPC Funds), which provide supplementary compensation for oil pollution damage from persistent oil spills from tankers where the shipowner's liability under the Civil Liability Convention 1992 (CLC 1992) is insufficient to cover the actual damage. The IOPC Funds are funded by contributions levied on entities that receive more than 150,000 tonnes of contributing oil (crude oil and heavy fuel oil) per year in Fund Member States. The 1992 Fund provides compensation up to approximately SDR 203 million per incident (combined CLC 1992 + Fund 1992 limit). The 2003 Supplementary Fund Protocol, in force since 3 March 2005, provides an additional third tier of compensation up to SDR 750 million per incident in Protocol Member States. The IOPC Funds are administered by the International Oil Pollution Compensation Funds Secretariat based in London.
Pillar: Maritime & Shipping · Authority: International Oil Pollution Compensation Funds (IOPC Funds) - Fund Convention 1992 (IMO); 2003 Supplementary Fund Protocol (IMO); International Convention on Civil Liability for Oil Pollution Damage, 1992 (CLC 1992); IMO MEPC · Version: 1.0.0 · Last updated:
Primary source: https://www.iopcfunds.org/
SHA-256 integrity: 05ced896b7eb4cf7a32804f49cf3d5ac58593c538bfa7cc7d8389614c49f8397
Primary Citations — 6 traced to source
- {"source":"IOPC Funds - International Oil Pollution Compensation Funds Official Website: Fund 1992 and Supplementary Fund Protocol","url":"https://www.iopcfunds.org/","relevant_sections":"IOPC Funds structure: 1992 Fund, 2003 Supplementary Fund; contribution obligation and reporting process for contributing oil receivers; claim filing procedures and admissibility criteria; current incidents being compensated; Fund Assembly decisions and levels of compensation; annual reports on Fund operations and active incident compensation payments"}
- {"source":"International Convention on the Establishment of an International Fund for Compensation for Oil Pollution Damage, 1992 (Fund Convention 1992) - IMO","url":"https://www.imo.org/en/About/Conventions/Pages/International-Convention-on-the-Establishment-of-an-International-Fund-for-Compensation-for-Oil-Pollution-Damage-(FUND).aspx","relevant_sections":"Article 1 (definitions: contributing oil, contributing oil receiver, pollution damage); Article 4 (Fund liability: conditions triggering Fund compensation - CLC insufficiency, shipowner exoneration, shipowner insolvency); Article 10 (annual oil receipt reporting obligation for contributing oil receivers); Article 12 (contribution levy payment obligations); Article 15 (limitation periods: three years from damage, six years from incident); Article 29 (Fund Assembly: governance and amendment procedures)"}
+ 4 more citations (full bibliography, deterministic workflow, actionable schema and crosswalks) included in the vault unlock — $0.01 via Skyfire / L402 / Direct Base USDC.
Access
- Discovery (free): /api/v1/nodes/iopc-fund-1992-oil-pollution-compensation.json — 6-field metadata
- Vault (full node): /api/v1/vault/nodes/iopc-fund-1992-oil-pollution-compensation.json — full 13-key payload, $0.01 USDC (L402/Skyfire/Direct Base)
- Canonical URL: https://bidda.com/intelligence/iopc-fund-1992-oil-pollution-compensation
- Back to registry: Browse all 10,090 compliance nodes