Tier 3 Spill

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DEFINITION

One of the three levels of oil spills as categorized by the International Petroleum Industry Environmental Conservation Association (IPIECA). Tier 3 spills are the most severe; they cannot be contained with the resources of the producing company and require substantial external resources to deal with them.


INVESTOPEDIA EXPLAINS

The IPIECA has defined the three tiers according to various characteristics. Tier 3 spills usually require resources from stockpiles of national or international cooperatives. In most cases, these co-ops will be subject to governmental control.


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