Friday, 17th February 2006
STOPIA and TOPIA
STOPIA 2006 and TOPIA 2006 - agreement reached with IOPC Funds Secretariat and OCIMF on revised wordings of the voluntary agreements for 50:50 sharing of compensation for pollution damage. Following the October 2005 meeting of the 1992 Fund Assembly, further meetings and discussions took place between the IOPC Funds Secretariat, the IG (in consultation with ICS and Intertanko) acting on behalf of the shipping industry, and OCIMF concerning the development of the proposed voluntary compensation package for pollution damage. Approved wordings of the STOPIA 2006 and TOPIA 2006 agreements which will come into effect from 20th February 2006 will be put before the 10th extraordinary session of the IOPC Funds Assembly which will take place between the 27th February and 3rd March 2006 for approval.