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How are the IOPC Funds financed?

financed funds iopc
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How are the IOPC Funds financed?

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The 1971 and 1992 Funds levy contributions from entities in Member States which receive more than 150 000 tonnes of crude or heavy fuel oil (‘contributing oil’) in a year after sea transport. Governments provide the Secretariat with reports of oil quantities received, but invoices are sent directly to each contributor.

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