What is the cost of an average oil spill?
This is an impossible question to answer. The cost will depend on many factors, such as the quantity and type of oil spilled, the weather conditions at the time of the spill and the area affected. Large spills a long way from shore can cost very little, but relatively small spills in a coastal zone supporting fishing and tourism can be very costly. Amounts of compensation paid by the 1971 Fund and 1992 Fund in the past are given in the last Annexes of the Annual Report.
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