International Oil Pollution Compensation Fund

The International Oil Pollution Compensation Fund (IOPC Fund) is an organization that provides financial compensation to countries and communities affected by oil spills from tankers. Established in 1971, it operates alongside the International Convention on the Civil Liability for Oil Pollution Damage. The Fund helps cover costs of cleanup, environmental restoration, and compensation for damages when responsible parties cannot pay. It is financed through contributions from oil companies and serves to protect the marine environment and support those impacted by oil pollution globally, ensuring that victims receive assistance regardless of the responsible entity's financial situation.