Decision ID: 000766

In June 1997 the 1971 Fund Executive Committee decided that compensation should not be payable in the Nissos Amorgos case to fishermen who, although required under Venezuelan law to hold a valid license, did not do so. It was further decided that comepnsation should be payable to fishermen who were not subject to license requirements under Venezuelan law, provided that the claimant showed that he had suffered economic loss as a result of the incident.

Date: 31.05.1997
Category: Pure economic loss (fisheries and mariculture)
Subject: Loss of income of unlicensed fishermen and mariculturists