Decision ID: 000590

In April 1996 the 1971 Fund Executive Committee expressed its appreciation to the shipowner’s insurer for having established a procedure for interim hardship payments and for having made funds available for such payments. The Committee nevertheless maintained its position that it was necessary to exercise caution in the payment of claims and decided to authorise the Director to make payments for 75% of the quantum of the damage actually suffered by the respective claimants.

Date: 31.03.1996
Category: Compensation payments
Subject: Level of payments