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Periodical submission of Oil Reports to the International Oil Pollution Compensation (IOPC) Fund reg.
Applicable to:
Indian oil companies receiving persistent oils in bulk by sea
Effective Date:
29.03.2011
Superseded Circulars:
None
Key Changes and Requirements
1. Annual Oil Report Submission
Indian oil companies receiving persistent oils in bulk by sea are required to submit annual oil reports to the International Oil Pollution Compensation (IOPC) Fund.
- Reporting Period: Calendar year
- Submission Deadline: 15th March every year
- Reporting Format: Prescribed format available on IOPC Fund website
- Submission Method: Through Indian High Commission, London to the IOPC Fund
2. Non-Compliance Consequences
Non-compliance may result in administrative or legal action under the Merchant Shipping Act, 1958.
Important Note
All concerned are advised to comply with the statutory requirement and submit the reports well in advance to avoid any penalties or legal actions.
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