Double-hulled tanker after 6 July 1993 to be fitted with double hulls, or an alternative design approved by IMO". However, in the aftermath of the Erika incident of the coast off France in December 1999, members of IMO adopted a revised schedule for the phase-out of single-hull tankers, which came into effect on 1 September 2003, with further amendments validated on 5 April 2005. After the Exxon Valdez oil spill disaster, when that ship grounded on Bligh Reef outside the port of Valdez, Alaska in 1989, the US Government required all new oil tankers built for use between US ports to be
Exxon Valdez oil spill official position was that punitive damages greater than $25 million were not justified because the spill resulted from an accident, and because Exxon spent an estimated $2 billion cleaning up the spill and a further $1 billion to settle related civil and criminal charges. Attorneys for the plaintiffs contended that Exxon bore responsibility for the accident because the company "put a drunk in charge of a tanker in Prince William Sound." Exxon recovered a significant portion of clean-up and legal expenses through insurance claims associated with the grounding of the "Exxon Valdez". Also, in 1991, Exxon made a quiet, separate