IOPCF

IOPCF (International Oil Pollution Compensation Funds) is a system established to financially support cleanup and compensation efforts when oil spills occur from ships. It pools money contributed by oil companies and other stakeholders worldwide, so affected parties—such as governments, communities, and ship owners—can quickly access funds to address environmental damage and economic losses. IOPCF operates internationally, promoting transparency and cooperation to ensure timely and effective response to oil spill incidents, helping mitigate their impact on marine environments and livelihoods.