Decision ID: 000825

In October 1997 the 1971 Fund Executive Committee, noting the great uncertainty as to the total amount of the claims arising out of the incident, and recognising the need to strike a balance between the need to exercise caution in the payment of claims and the importance of the Fund being able to pay claims at an early stage, decided that the Fund’s payments should at that stage be limited to 25% of the loss or damage actually suffered by each claimant as assessed by the experts of the Fund and the insurer at the time the payment was made..