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A Singapore transport firm told AFP on Tuesday it would refuse to pay Sri Lankan courtroom-ordered damages of US$1 billion for inflicting that country's worst case of environmental pollution. In an exclusive interview, X-Press Feeders chief govt Shmuel Yoskovitz stated he believed paying would have broad-ranging implications on global transport and "set a dangerous precedent". The corporate operated the MV X-Press Pearl that sank off Colombo Port in June 2021 after a fireplace -- believed brought on by a nitric acid leak -- that raged for practically two weeks. Its cargo included eighty one containers of hazardous goods, together with acids and lead ingots, and a whole lot of tonnes of plastic pellets. The ship was refused permission by ports in Qatar and India to offload the leaking nitric acid earlier than it arrived in Sri Lankan waters. Tonnes of microplastic granules from the ship inundated an 80-kilometre (50-mile) stretch of seaside alongside Sri Lanka's western coast. Fishing was prohibited for months. Sri Lanka's Supreme Court in July ordered the company to pay Colombo an "preliminary" US$1 billion in damages inside a yr, with the first tranche of US$250 million to be paid by Tuesday. It also ordered the company "to make such different and additional payments" sooner or later as the court may direct. Yoskovitz rejected the open-ended nature of the penalty. Sri Lanka's government said it might ask its chief prosecutor what motion it might take. Nalinda Jayatissa informed reporters in Colombo. The United Nations workplace in Colombo noted that the "polluter pays" principle was enshrined in world agreements, including the UN Convention on the Law of the Sea. Yoskovitz said the absence of limitations may lead to greater insurance premiums, which can be in the end handed on to shoppers. The chief govt again apologised for the incident, saying the company recognised the catastrophe and was trying to make amends. He stated X-Press Feeders had already spent $170 m

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