Decision ID: 000478

In October 1995 the 1971 Fund Executive Committee decided that the Fund should not pay compensation for on-going losses due to reduced catches sustained by the owners of four small fishing vessels by way of a lump sum, but should maintain its policy of assessing and compensating such losses as and when they arose.

Date: 30.09.1995
Categories: Pure economic loss (fisheries and mariculture), Pure economic loss (general), Consequential economic loss, Compensation payments
Subjects: Compensation for future losses, Compensation for future losses, Compensation for future losses, Compensation for future losses