Decision ID: 000805

In October 1997 the 1971 Fund Executive Committee considered the appropriate procedure for assessing the quantum of losses of a fish (mainly whelks) sales company whose claim had been accepted as admissible in principle by the Committee at its 49th session. The Committee took the view that it would not be appropriate for the Fund to disregard written evidence in the form of invoices containing prices and quantities which, on the claimant’s own admission, were incorrect (lower than the prices and quantities actually agreed with the customers) in order to enable customers to reduce their import duties. The Committee therefore decided that the claim, as regards the lost sales to these customers, should be assessed on the basis of the prices and quantities actually invoiced to these customers during the period of the claim.

Date: 30.09.1997
Category: Pure economic loss (fisheries and mariculture)
Subject: Loss of income from fish sales and fish processing due to lack of supply as a result of contamination