BP deposits first 3B of 20B Fund for BP Oil Spill Claims and explanation of timing of additional forthcoming fund deposits

Just a short entry today to link you to the news that BP has now deposited the first 3B of the 20B BP Oil Fund. This article also names the trustees involved in the trust:

http://www.insurancejournal.com/news/national/2010/08/09/112299.htm

Here is a 2nd article from Business Insurance news which explains that an additional 2B will be deposited in 4th quarter then 1.5B each quarter until they reach the 20B:

http://www.businessinsurance.com/apps/pbcs.dll/article?AID=/20100809/NEWS01/100809930/1246

http://www.businessinsurance.com/apps/pbcs.dll/article?AID=/20100809/NEWS01/100809930/1246