Gard is resigned to making a large payout to settle finally the high-profile Nissos Amorgos tanker-spill case as it is running out of options.
The biggest of the protection-and-indemnity (P&I) clubs remains acutely concerned about recent developments over the pollution incident 17 years ago but appears caught in a three-way squeeze between rulings of the Venezuelan and English courts, coupled with a decision to wind up the 1971 International Oil Pollution Compensation (IOPC) Fund at the end of this year, making continued resistance futile.
The
