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Port Authority Settles 'Sea Empress' Claims
01 Oct 2003
Two claims which had been laid against Milford Haven Port Authority in the wake of the Sea Empress grounding in 1996 have finally been resolved.
The claims were for £36.8m (plus interest and costs) from the International Oil Pollution Compensation Fund (IOPC Fund), which sought to regain the cost of the compensation it paid out as a result of the incident, and over £10m (with interest and costs) from Chevron Texaco, in compensation for the loss of the cargo. Through a process of legal mediation with the IOPC fund and commercial negotiation with Chevron Texaco the Port Authority has, with its insurers, agreed terms which are in full and final settlement of both claims.
Ted Sangster, Chief Executive of MHPA said, 'With this long-running issue now behind us, I and my colleagues can now look forward to concentrating our efforts fully on continuing the successful development of our business and of the waterway.
The management time involved in defending these claims has been immense. We always maintained a robust defence against the claims, but fighting them has inevitably been a distraction from our statutory and commercial objectives.'
MJ Information No: 18710
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