Local view for "http://purl.org/linkedpolitics/eu/plenary/2004-02-12-Speech-4-066"
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"en.20040212.3.4-066"2
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".
The proposal for a decision submitted for Parliament’s approval, authorises and calls on Member States to accede to the Protocol on the International Maritime Organisation (IMO) compensation fund, which increases funding available to compensate the victims of oil spills.
By significantly raising the ceilings for compensation established by the existing international system, the Protocol on the supplementary fund plugs one of the most important gaps in international regulations on oil pollution liability.
The new supplementary fund will ensure that victims of spills of harmful substances will be paid swiftly and in full, thereby providing against situations such as the
and the
. Given that some parts of the Protocol on the supplementary fund fall within the exclusive competence of the Community, Member States must ratify it in order to comply with the Protocol, thereby leading to implementation, which will naturally enjoy the support of our vote in favour."@en1
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