Local view for "http://purl.org/linkedpolitics/eu/plenary/2004-02-12-Speech-4-067"
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"en.20040212.3.4-067"2
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The proposal for a decision submitted for Parliament’s approval authorises Member States to accede to the Protocol on the International Maritime Organisation (IMO)’s supplementary fund, which increases the funding available to compensate victims of oil spills. Member States are requested to sign this protocol as soon as possible. The protocol establishes an International Fund for Compensation of Oil Pollution Damage, 1992, to ensure that victims of damage caused by oil spills from tankers will be paid compensation swiftly and in full. By raising the compensation ceiling established in the existing international system, the Protocol plugs one of the most important gaps in international regulations in terms of liability for oil pollution, as the compensation ceiling set by the supplementary fund will be fixed. There will probably be far fewer parties to the new fund than to the 1992 fund, since numerous States that were party to the 1992 Fund feel that there is no need for supplementary protection. I believe that the new fund will greatly help to ensure the full and swift payment of victims of oil spills. I voted in favour."@en1
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