Decision ID: 000205

In March 1993 the 1971 Fund Executive Committee, in a private session, decided that in the interest of securing speedy payments to claimants, it would not require, for the time being, that the shipowner constituted the limitation fund as a condition for the Fund paying compensation.

Date: 01.03.1993
Category: Financial limits, limitation proceedings and indemnification
Subject: Establishment of the shipowner's limitation fund