Why Mauritius Oil Spill Insurance Claim Can Lead Upto $10 Billion?

An assessment of the Mauritius Oil Spill that happened 3 months ago reveals the extent of the damage and how the insurance claims can mount upto $10 Billion, says an article published in Forbes.

Three months ago, a major oil spill by Japanese-owned vessel, The Wakashio, unleashed between 210,000 and 300,000 gallons of heavy fuel oil into Mauritius’ coral lagoons in the Indian Ocean.

Last week, some of the remaining oil that was salvaged from the Wakashio is believed to have leaked from storage...

https://mfame.guru/why-mauritius-oil-spill-insurance-claim-can-lead-upto-10-billion/

$10 Billion Mauritius Oil Spill Claims – Shipping Law Loopholes Nightmare

According to a Forbes report, the oil spill in Mauritius in August has had lawyers scrambling through their maritime insurance libraries to understand the implications of the incident, caused by the Japanese bulk carrier, the Wakashio.

The damage from the oil spill is estimated at over $10 billion. 

Downplaying Insurance Payouts?

However, local groups have been facing an aggressive counter narrative operation being put out by the shipping and oil industry where there have been attempts to downplay...

https://mfame.guru/10-billion-mauritius-oil-spill-claims-shipping-law-loopholes-nightmare/