Decision ID: 000197

In October 1992 the 1971 Fund Executive Committee, in noting the uncertainty as to the extent of any insurance cover for the vessel, instructed the Director to submit to the Committee for consideration at its next session the problems which would arise if no limitation fund were to be established by the shipowner.

Date: 30.09.1992
Categories: Application of the Conventions, Financial limits, limitation proceedings and indemnification
Subjects: Interpretation of 'financial incapability' of a shipowner in Article 4.1 (b) of the 1971 and 1992 Fund Conventions, Establishment of the shipowner's limitation fund