Decision ID: 000163

In March 1991 the 1971 Fund Executive Committee decided that, since the legal costs in establsihing the limtation fund would be disproportionately high compared with the compensation and indemnification payable by the 1971 Fund, and bearing in mind its past decisions, the Fund should waive the establishment of the limitation fund.

Date: 01.03.1991
Category: Financial limits, limitation proceedings and indemnification
Subject: Establishment of the shipowner's limitation fund