Decision ID: 000412

In October 1994 the 1971 Fund Executive Committee considered a potential claim by a fish processing company for loss of income resulting from its failed attempts to mitigate its loss. It was noted that the company, which normally sold large quantities of smoked salmon to France, had suffered a market collapse allegedly due to the incident, and that although the company had found alternative buyers, they had failed to pay for the salmon. The Committee rejected the claim on the grounds that research had shown that there were other significant factors that had caused the reduced demand for smoked salmon in France and the loss could not be considered as damage caused by contamination, but was a result of normal risks.

Date: 30.09.1994
Category: Pure economic loss (fisheries and mariculture)
Subject: Loss of income due to loss of confidence of buyers/consumers of marine products