The International Oil Pollution Compensation (IOPC) Funds has pledged to provide settlements to all victims of the oil spill caused by the sunken MT Princess Empress in Oriental Mindoro.
IOPC Funds Director Gaute Siversten stated that their organization has completed a fact-finding mission and will submit its findings to their London head office.
The IOPC Funds aims to compensate victims in affected areas and the government for the expenses incurred during the clean-up operations.
Claims forms are currently being collected from victims, with a focus on fisherfolk and those most in need, to facilitate prompt settlement assessments.
Justice Undersecretary Raul Vasquez reported that approximately 300,000 liters of industrial fuel remain inside the sunken vessel.
Vasquez also mentioned that compensation claims, predominantly from ordinary Filipinos impacted by the oil spill, are still being gathered through a compensation caravan.
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