International group starts process for $203M compensation for Tobago oil spill
Legal
Utilities
Health
September 23, 2025
Share this article
Click to view full size
Tobago Correspondent
The International Oil Pollution Compensation (IOPC) Fund has estimated the payout for the Gulfstream oil spill at £4.2 million, or $203 million. The fund confirmed that compensation payments have begun, but the process is expected to continue until 2027.
A report published last week ahead of the IOPC’s November governing body meeting in London showed that while £10 million has been raised in a special Gulfstream Major Claims Fund, just over £1 million had been paid out as of June 30, 2025. The fund projects that an additional £21.5 million will be paid between July 2025 and March 2027.
Legal
Utilities
Health
Share this article
Comments (0)
Download our mobile app
The portable companion to gazettE. Get notifications, track read articles, and more. The latest news from Trinidad and Tobago, in one place.
