Wingy
Contributor
Ships long gone. Here's what remains -
Due to Raja Ampat’s special biodiversity and its status as one of the world’s most popular dive sites, as well as the fact that the damage occurred in a national park, the evaluation team will recommend the company pay compensation of $800-$1,200 (£650-£985) per square meter, for a total of $1.28m-$1.92m, according to Tapilatu. The standard rate is $200-$400 per square meter. (FRom the article linked prior)
This is assuming the Bahamian registered owners of the ship agree to the above assessment done by the British cruise company operating the ship. If disputed a court appeal should take approx 2 - 3 years from date lodges to settlement.
If the Bahamian owner of the Ship opts for insolvency (not uncommon) if unsuccessful in court ..shows over. If not,
Funds should then be directed to the local authorities and community to begin reef repatriation which their assessment estimates will take a decade.
So the damage sits there for a good 5 years before a $ from the company or companies involved arrives.
The clean up? My guess is the local stakeholders will be left to deal with the immediate mess
Due to Raja Ampat’s special biodiversity and its status as one of the world’s most popular dive sites, as well as the fact that the damage occurred in a national park, the evaluation team will recommend the company pay compensation of $800-$1,200 (£650-£985) per square meter, for a total of $1.28m-$1.92m, according to Tapilatu. The standard rate is $200-$400 per square meter. (FRom the article linked prior)
This is assuming the Bahamian registered owners of the ship agree to the above assessment done by the British cruise company operating the ship. If disputed a court appeal should take approx 2 - 3 years from date lodges to settlement.
If the Bahamian owner of the Ship opts for insolvency (not uncommon) if unsuccessful in court ..shows over. If not,
Funds should then be directed to the local authorities and community to begin reef repatriation which their assessment estimates will take a decade.
So the damage sits there for a good 5 years before a $ from the company or companies involved arrives.
The clean up? My guess is the local stakeholders will be left to deal with the immediate mess