The IOPC Funds confirmed on Thursday it is budgeting £51m ($67m) to compensate victims of an oil spill that polluted four kilometres (2.5 miles) of Saronic Gulf coastline in September.

As TradeWinds reported last month, an initial amount of £26m will be called, with an additional £25m to follow at some later point in 2018, the Greek IOPC office said in a statement.