Ship Owner To Pay $10M For Alaska Oil Spill

Law360, New York (August 23, 2007, 12:00 AM EDT) -- A federal judge in Alaska sentenced Singapore-based IMC Shipping Co. Pte. Ltd. to a criminal penalty of $10 million on Wednesday, after the shipping company filed a guilty plea to three criminal counts related to a massive oil spill in 2004.

IMC made an agreement with the U.S. Attorney's office in Alaska to plead guilty to three criminal counts, alleging two violations of illegally discharging refuse matter, and one count of killing migratory birds.

The charges arose from the grounding of an IMC vessel, the Selendang...
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