Exxon Valdez oil spill Exxon should have told the jury at the start that an agreement had already been made, so the jury would know exactly how much Exxon would have to pay. As of December 15, 2009, Exxon had paid the entire $507.5 million in punitive damages, including lawsuit costs, plus interest, which were further distributed to thousands of plaintiffs. In October 1989, Exxon filed suit against the State of Alaska, charging that the state had interfered with Exxon's attempts to clean up the spill by refusing to approve the use of dispersant chemicals until the night of the 26th. The state disputed
Oil tanker has a capacity of over , a length overall of and a cargo capacity of . They were the first ULCCs to be double-hulled. To differentiate them from smaller ULCCs, these ships are sometimes given the "V-Plus" size designation. With the exception of the pipeline, the tanker is the most cost-effective way to move oil today. Worldwide, tankers carry some annually, and the cost of transportation by tanker amounts to only US$0.02 per gallon at the pump. In 1954 Shell Oil developed the average freight rate assessment (AFRA) system which classifies tankers of different sizes. To make it an independent