Liability Risk and Insurance
Erika
The first interim payments are being processed by ECHO
(Erika
Claims Handling Office), set up jointly by the International Oil Pollution Compensation Fund and P&l insurer Steamship Mutual.
Under the 1992 civil liability convention, Steamship Mutual will pay up to US$12.5mn with further sums, up to US$185mn, being
paid by the fund.