Spillage damages

 
Published: Thursday 31 October 2002

In January 2001, the Jessica -- a commercial boat insured by London-based Terra Nova Insurance Company -- spilled 662,447 litres of fuel when it ran aground in the Galapagos archipelago. Taking note of the incident, the court in the port city of Guayaquil in Ecuador recently ordered the insurance company to pay Galapagos National Park US $10 million for the damage suffered by the marine reserve.

"The environmental costs caused by the Jessica can't be quantified. The most important thing is to set a precedent," park director Eliecer Cruz said after the decision.

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