Decision ID: 000592

In October 1991 the 1971 Fund Executive Committee agreed wit the Director’s analysis regarding the method of conversion of the maximum amount payable under Article 4.4 of the 1971 Fund Convention, which was expressed in (gold) francs. The Committee instructed the Director to base the Fund’s position in the court proceedings on Fund Resolution No.1.

Date: 30.09.1991
Categories: Financial limits, limitation proceedings and indemnification, Legal actions
Subjects: Limitation proceedings, subrogated claims and distribution of the shipowner's limitation fund under Article V of the 1969 and 1992 Civil Liability Conventions, Limitation proceedings, subrogated claims and distribution of the shipowner's limitation fund under Article V of the 1969 and 1992 Civil Liability Conventions