There is too much delay in acting on the FSO Nabarima. This ship poses an unacceptable risk to Trinidad and Tobago, to the environment at large, and to shipping traffic.
T&T can put the owners, etc, on notice of its intention to take it as salvage, or, as deemed abandoned “after date certain”. From there, T&T can arrange the salvage contract work and recoup under maritime law.
This means T&T would be entitled to at least a just proportion of the cargo, if not all of it; and the vessel could possibly be repaired and possessed or sold for scrap. At today’s oil prices, 1.3 million barrels of oil would fetch in excess of US$300 million.
Given the dangers and the cost-benefit balances, it really defies reason how the Government can just be waiting out the situation.