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Matter of Oil Spill by Amoco Cadiz Off Coast of France on March 16, 1978
United States Court of Appeals for the Seventh Circuit
954 F.2d 1279 (1992)
The Amoco Cadiz was an oil supertanker that broke apart in a severe storm in 1978. The ship spilled most of its load of 220,000 tons of crude oil into the sea near the coast of France. A large number of plaintiffs, including the Republic of France, numerous French municipalities, businesses, and individuals, sued Amoco International Oil Co. (defendant), which was the company that commissioned the ship, and Astilleros Espanoles (defendant), which constructed the ship. Petroleum Insurance Limited also sued, seeking reimbursement for the value of the spilled oil. After consolidated trials on liability and damages, the trial court awarded approximately $61 million in damages to the French parties and $20 million to Petroleum Insurance Limited. The trial court then awarded prejudgment interest to the plaintiffs, using the auction price of 52-week United States Treasury bills that was in place immediately prior to the date of judgment. The defendants appealed.
Rule of Law
Holding and Reasoning (Per curiam)
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