Izumo owners to pay Rs 19.5 lakh compensation to fisherfolk

January 25, 2013 11:45

An understanding on compensation has been reached between representatives of the Panamanian flagged Japanese cargo vessel, MV Izumo, which allegedly rammed a fishing boat, and various unions in connection with the hit-and-run case off the Kozhikode coast on January 16.

As per the agreement reached at a meeting at the office of former state industries minister Elamaram Kareem, MLA, yesterday, the owners of the ship will pay a compensation of Rs 19.5 lakh to the three fishermen who had a miraculous escape after the ship rammed their fishing vessel Al Ameen, officials said.

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