The Republic of the Marshall Islands (RMI) nominated IRI’s recently retired Senior Vice President, Maritime Administration, Thomas Heinan to sit on the International Oil Pollution Compensation (IOPC) Funds’ Audit Body. The IOPC Fund provides financial compensation for oil pollution damage that occurs in its Member States, resulting from spills of persistent oil from tankers. The IOPC Audit Body also provides an independent oversight of the IOPC Funds’ management and financial systems, financial reporting, internal controls, operational procedures, risk management, and related matters.
For 25 years, Tom played a key role at the International Maritime Organization (IMO), shaping legislation and bringing his practical and commercial expertise to the table. As part of the RMI’s delegation at IMO, he was involved with the development of the IMO’s environmental, security, and safety codes.
IOPC Audit Body elections will be held in November 2020.