Decision ID: 000004

In October 1988 the 1971 Fund Executive Committee noted that the Italian Government had maintained that the claim related to actual damage to the marine environment and to actual losses suffered by the tourism industry and fishermen, and that for this reason the claim was not based on the abstract quantification of damage calculated in accordance with theoretical models. The Committee reiterated its position that a claimant was entitled to compensation under the Conventions only if he had suffered a quatifiable economic loss and expressed the opinion that as regards the alleged economic losses, these could only be claimed by the individual person having suffered the damage.