Futuris Company (FTRS)

[OneDay4488]

Does anyone know about this? The Oil Spill Liability Trust Fund (OSLTF)

Title I of OPA
Title I of OPA established new and higher liability limits for oil spills, with commensurate changes to financial responsibility requirements. It substantially broadened the scope of damages, including natural resource damages (NRDs), for which polluters are liable. It also authorized the Oil Spill Liability Trust Fund (OSLTF) up to $1 billion to pay for expeditious oil removal and uncompensated damages. (The Energy Policy Act of 2005 later raised the limit of the Fund to $2.7 billion; and the Delaware River Protection Act of 2006, title VI of the Coast Guard and Maritime Transportation Act of 2006, increased the limits of liability.)

http://www.uscg.mil/npfc/About_NPFC/osltf.asp