Decision ID: 000089

In September 1983 the 1971 Fund Executive Committee decided that, in view of the disproportionately high legal costs in establishing the limitation fund compared with the limitation amount applicable to the vessel, as an exception, the 1971 Fund could pay compensation without the limitation fund being established.

Date: 31.08.1983
Category: Financial limits, limitation proceedings and indemnification
Subject: Establishment of the shipowner's limitation fund