China has established a national compensation fund for oil spills caused by ships, Want China Times reports.
“This marks a new milestone for China’s compensation mechanism for ship-caused oil pollution and will better safeguard the interests of the victims of accidents,” said He Jianzong, deputy transport minister, at the inauguration ceremony.
The commission comprises representatives from nine units, including the ministries of transport, finance, agriculture and environmental protection, the State Oceanic Administration, the China National Tourism Administration, China National Petroleum Corporation, Sinopec and China National Offshore Oil Corporation. It will be responsible for managing the compensation fund and handling cases, the Shanghai-based National Business News reports.
He said that China is a great shipping country and a large oil consumer and that its annual oil imports have continued to surge along with the nation’s rapid economic expansion to a high of 374.6 million tons in 2014, adding that the expansion of oil tankers to meet increased oil imports has been accompanied by rising oil spill risks.
From July 1, 2012 to May 30, 2015, the Marine Safety Administration (MSA) under the Ministry of Transport had collected 318.2 million yuan (US$51.2 million) for the compensation fund, according to Dong Leyi, a division chief at the MSA. He said that there are now 14 compensation cases being processed, involving total compensation funds of 165.6 million yuan (US$26.6 million).
Dong said that the newly inaugurated regulatory commission has set up a compensation center in the Hongkou district of Shanghai to accept compensation applications nationwide from victims in ship-caused oil pollution cases and offer legal consultancy services.
Source: Want China Times
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