Decision ID: 000154

In September 1990 the 1971 Fund Executive Committee decided, in view of the disproportionately high legaL costs that would be incurred in establishing the limitation fund compared with the low limitation amount under the Civil Liability Convention, that the Fund could, as an exception, pay compensation without the limitation fund being established.

Date: 31.08.1990
Category: Financial limits, limitation proceedings and indemnification
Subject: Establishment of the shipowner's limitation fund