Does a state contribute in fund ? how is it decided how much to contribute ?

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The 1992 Fund is financed by contributions levied on any person who has received in one calendar year more than 150 000 tonnes of crude oil and heavy fuel oil (contributing oil) in a State Party to the 1992 Fund Convention.

The levy of contributions is based on reports of oil receipts in respect of individual contributors. Member States are required to communicate every year to the 1992 Fund the name and address of any person in that State who is liable to contribute, as well as the quantity of contributing oil received by any such person. This applies whether the receiver of oil is a Government authority, a State-owned company or a private company. Only persons having received more than 150 000 tonnes of contributing oil in the relevant year should be reported.

The Fund Secretariat estimates the amount required for the following year for compensation payments and administrative costs. The decision on the total amount required is taken by the Assembly. This amount is divided by the total quantity of contributing oil received in the Member States. This gives an amount per tonne of oil received. The quantity of oil received by each contributor is multiplied by the amount per tonne to get the amount in pounds sterling which has to be paid by that contributor.

http://www.iopcfund.org/finance.htm

http://www.iopcfund.org/npdf/genE.pdf