Decision ID: 000359

In May 1994 the 1971 Fund Executive Committee considered a claim by a company (Shetland Sea Farms) farming salmon within the exclusion zone imposed by the United Kingdom Government which had contracted to buy smolt at a predetermined price to place in cages, but that due to the contamination had been forced to sell the smolt at a loss and had also suffered a loss of profit through not growing the fish. It was noted that the claimant, the smolt supplier and the company which eventually bought the smolt belonged to a group of companies with a common major share holding and which was controlled by a single individual who was a director of all the companies in the group. The Committee rejected the claim on the grounds that due to the close link between the three companies it had not been shown that the group had suffered any loss in relation to the smolt in question.

Date: 30.04.1994
Category: Pure economic loss (fisheries and mariculture)
Subjects: Assessment of quantum, Loss of income from mariculture due to business interruption as a result of oil pollution