The International Oil Pollution Compensation Funds
about (1K)

Conversion of Special Drawing Rights (SDR)

Rates on 1 December 2008, (as defined by the International Monetary Fund)

Pounds:

£1 = 1.17655 SDR

or

1 SDR = £0.985902

Dollars:

US$1 = 0.985902 SDR

or

1 SDR = US$1.48339


Compensation Limits

1992 Regime for incidents occurring from 1 November 2003 and Supplementary Fund regime for incidents occurring from 3 March 2005

SDR £ Sterling US$

Shipowner

Ship up to 5 000 gross tons

4.5 million

4.4 million

6.7 million

Ship over 5 000 and up to 
140 000 gross tons

4.5 million plus 631
for each extra ton

4.4 million plus 622
for each extra ton

6.7 million plus 936
for each extra ton

Ship over 140 000 gross tons

89.8 million

88.5 million

133.2 million

1992 Fund

 

 

Maximum (including shipowner's share)

203 million

200.1 million

301.1 million

Supplementary Fund

Maximum (including amount paid by 1992 Fund)

750 million

739.4 million

1112.5 million



1992 Regime for incidents occurring before 1 November 2003

SDR £ Sterling US$

Shipowner

Ship up to 5 000 gross tons

3 million

3 million

4.5 million

Ship over 5 000 and up to 
140 000 gross tons

3 million plus 420
for each extra ton

3 million plus 414
for each extra ton

4.5 million plus 623
for each extra ton

Ship over 140 000 gross tons

59.7 million

58.9 million

88.6 million

1992 Fund

 

 

 

Maximum (including shipowner's share)

135 million

133.1 million

200.3 million



1969/1971 Regime

  SDR £ Sterling US$

Shipowner

 

 

 

Per ton of the ship's tonnage

133

131

197

Maximum

14 million

13.8 million

20.8 million

1971 Fund

 

 

 

Maximum (including shipowner's share)

60 million

59.2 million

89 million