Mauritius joins the Supplementary Fund
Mauritius will become the 33rd Member State of the Supplementary Fund following its accession to the Supplementary Fund Protocol earlier this month. The Director of the IOPC Funds, Gaute Sivertsen, has been notified of the development by the International Maritime Organization (IMO), which serves as the depositary of the Supplementary Fund Protocol.
Mauritius deposited an instrument of accession to the Supplementary Fund Protocol with the Secretary-General of IMO on 9 April 2024 and will officially become a Supplementary Fund Member State on 9 July 2024.
Director Sivertsen commended Mauritius’ decision to increase its protection to the maximum level available and encouraged other Member States, particularly those potentially at greater risk to the effects of an oil spill, to also join the Supplementary Fund.
The Supplementary Fund provides an additional layer of compensation to 1992 Fund Member States that have also ratified the Supplementary Fund Protocol, increasing the amount of compensation available for an incident to SDR 750 million, the equivalent of USD 986 million today.