Oil Reporting and Contributions
The IOPC Funds are financed by entities in the Funds' Member States that receive more than 150 000 tonnes of contributing oil (i.e. crude and/or heavy fuel oil) in a calendar year, after carriage by sea. Contributions are paid by the individual contributors directly to the Funds.
The levy of contributions is calculated using reports of the amounts of oil received by individual contributors, which the governments of Member States are obliged to submit annually to the Secretariat. The total amount of oil received in all Member States is used as the basis of the levy, calculated to provide monies to administer the Funds and to pay claims approved by the governing bodies. A system of deferred invoicing exists whereby the total amount to be levied in contributions for a given calendar year is decided, but only a specific lower total amount is invoiced for payment by 1 March. The remaining amount, or a part thereof, is invoiced later in the year if necessary.
Submission of oil reports
The 1992 Fund Convention and the Supplementary Fund Protocol require that all Member States report to the Director of the Funds each year the name and address of any company or entity in that State which is liable to pay contributions to the 1992 Fund and/or to the Supplementary Fund, as well as the quantity of contributing oil received by each of these companies and entities in the preceding year. The Funds' Internal Regulations require that the reports should be submitted using the Form for reporting receipts of contributing oil, or the Online Reporting System (ORS), no later than 30 April each year. Member States can request access to the ORS by contacting email@example.com.
Member States in which no company or entity is liable to pay contributions to the 1992 Fund and/or the Supplementary Fund should notify the Director using the Nil declaration form.
The quantities of contributing oil received in the calendar year 2017 in the territories of States which were Members of the 1992 Fund on 31 December 2017 (as reported by 31 December 2018) are listed here. Also included is a list of those States that received no contributing oil during 2017 and a list of States that had not submitted any reports by 31 December 2018.
Recent contribution history
At their October 2018 sessions, the governing bodies decided on the levies of contributions, based on oil received in the calendar years 2006, 2011, 2016 and 2017 and payable by 1 March 2019. Details of the decisions taken in respect of each General and Major Claims Funds for open incidents are given here. An overview of contributions by Member State is provided in the two charts below.
Contributions to the 1992 Fund by Member State
Figures shown are General Fund contributions for 2018 (based on 2017 oil reports), the most recent year for which contributions were levied.
Contributions to the Supplementary Fund by Member State
The Supplementary Fund did not levy contributions in 2018. The figures shown depict the contributions by Member State if General Fund contributions had been levied for 2018 (based on 2017 oil receipts).
Within this Section
- Form for reporting contributing oil
- Nil Declaration form
- Resolution N°12—Measures in respect of outstanding oil reports and outstanding contributions
- Establishing a system for the submission of oil reports
- Contributing oil received in 2017 (as reported by 31 December 2018)
- Contributions to the IOPC Funds