Amoco Cadiz oil spill Amoco Cadiz oil spill The oil tanker "Amoco Cadiz" ran aground on Portsall Rocks, from the coast of Brittany, France, on 16 March 1978, and ultimately split in three and sank, all together resulting in the largest oil spill of its kind in history to that date. NOAA estimates that the total oil spill amounted to 220,880 metric tonnes of oil. En route from the Persian Gulf to Rotterdam, Netherlands, via a scheduled stop at Lyme Bay, Great Britain, the ship encountered stormy weather with gale conditions and high seas while in the English Channel. At around 09:45, a heavy
Oil tanker instrument, Shell consulted the "London Tanker Brokers’ Panel (LTBP)". At first, they divided the groups as "General Purpose" for tankers under ; "Medium Range" for ships between 25,000 and and "Large Range" for the then-enormous ships that were larger than . The ships became larger during the 1970s, which prompted rescaling. The system was developed for tax reasons as the tax authorities wanted evidence that the internal billing records were correct. Before the New York Mercantile Exchange started trading crude oil futures in 1983, it was difficult to determine the exact price of oil, which could change with every contract.