BP Pledges Gulf Oil Spill Assets as Collateral For Spill Fund

[B][B]BP Pledges Gulf Oil Well Assets as Collateral For Oil Spill Fund-MARITIME LAWYER NEWS[/B]
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In a press release on Friday, October 1, 2010 British Petroleum PLC (BP) announced that it “has pledged certain Gulf of Mexico assets as collateral for the $20 billion [I]Deepwater Horizon[/I] Oil Spill Trust which was set up to pay legitimate claims arising from the April 20 incident.” [B]Read Full Story[/B].

[QUOTE=Jones Act;42478][B][B]BP Pledges Gulf Oil Well Assets as Collateral For Oil Spill Fund-MARITIME LAWYER NEWS[/B]
[/B]
In a press release on Friday, October 1, 2010 British Petroleum PLC (BP) announced that it “has pledged certain Gulf of Mexico assets as collateral for the $20 billion [I]Deepwater Horizon[/I] Oil Spill Trust which was set up to pay legitimate claims arising from the April 20 incident.” [B]Read Full Story[/B].[/QUOTE]
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