Tanker’s insurers to pay $24 million for oil spill

8/16/2018 5:47:00 AM

Source: Business Insurance

British tanker BW Maple’s insurers are paying nearly $1.7 billion Indian rupees ($24 million) related to an oil spill following the vessel’s collision off the coast of Chennai in India, DNA reported. The compensation covers INR 28 million in clean-up costs and INR 1.4 billion related to fishermens’ loss of livelihood. India’s Directorate General of Shipping found the captain of BW Maple guilty over the January 2017 collision between the tanker and cargo ship MT Dawn Kanchipuram.