Small Tanker Oil Pollution Indemnification Agreement (STOPIA) (5.345)

This circular explains the Small Tanker Oil Pollution Indemnification Agreement, or STOPIA, and how it supports the international oil pollution compensation system once the 2003 Supplementary Fund Protocol enters into force in certain States.

London P&I sets out the purpose of STOPIA, the vessels it applies to, and how it affects cover for members who own smaller tankers. The circular also refers to a recommended charterparty clause and attaches the agreement, explanatory note and draft memorandum of understanding amendment.