Decision ID: 000794

In October 1997 the 1971 Fund Executive Committee, noting that there was no evidence that any person other than the master had contributed to the incident, and that the Korean legislation implementing the 1969 Civil Liability Convention would make it more difficult to breach the shipowner’s right of limitation, confirmed its previous position that the 1971 Fund should not challenge the shipowner’s right to limit liability, nor take recourse action against any third party.

Date: 30.09.1997
Categories: Legal actions, Financial limits, limitation proceedings and indemnification
Subjects: Shipowner's right of limitation liability, Shipowner's right of limitation of liability