1992 Fund

The 1992 Fund is an international organization established under maritime law to provide financial protection against oil pollution damage from ships constructed after 1992. It operates alongside the International Oil Pollution Compensation (IOPC) Fund, sharing the financial burden of responding to oil spills. Funded by contributions from participating countries, the 1992 Fund ensures that victims of oil pollution—such as fishermen, coastal communities, and environments—receive compensation for damages. Its goal is to promote responsible shipping practices and ensure prompt, adequate compensation without placing excessive financial strain on individual ship owners or governments.