Decision ID: 000699

In February 1997 the 1971 Fund Executive Committee noted that it was unlikely that the Finish Government’s direct action against the shipowner’s P&I insurer would succeed because the ship’s insurance had not been issued under Article VII.1 of the 1969 Civil Liability Convention and had been taken out by the bare-boat charterer and not by the registered owner. The Committee decided that the Fund should pay compensation to the Finnish Government without waiting for the Court’s decision in respect of the Government’s action against the insurer.