The Director is delighted to confirm that Costa Rica is set to become the 120th Member State of the 1992 Fund after it deposited instruments of accession to the 1992 Civil Liability and Fund Conventions on 19 May 2021.
The IOPC Funds Secretariat has regularly engaged with Costa Rica to encourage it to join the 1992 Fund over the years, most recently at a national workshop organised by the International Maritime Organization (IMO) and the Central American Commission on Maritime Transport (COCATRAM), in 2019.
With a Pacific Ocean and Caribbean Sea coastline of some 1300km, Costa Rica’s exposure to the risk of a major tanker incident is significant. The Director is therefore very pleased that Costa Rica has decided to join the 1992 Fund, and ensured it is better protected from the economic consequences of such a spill.
Both conventions will enter into force for Costa Rica on 19 May 2022.
For a full list of the IOPC Funds’ membership and a map displaying the coverage of the international liability and compensation regime in general, please visit the Membership section.