Decision ID: 000933

In October 1998 the 1992 Fund Executive Committee noted that the 1971 Fund Executive Committee had decided that claims for compensation in the Republic of Korea for the costs of operations to remove the remaining oil from the sunken wreck would be admissible in principle, even if no significant quantity of oil was found in the cargo tanks of the vessel. The 1992 Fund Executive Committee, recalling Resolution No.2 adopted by the 1992 Fund Assembly, which stated that the 1992 Fund should endeavour to ensure consistency, as far as possible, between the decisions of the 1992 Fund and those of the 1971 Fund on the admissibility of claims, endorsed the position taken by the 1971 Fund Executive Committee in respect of the admissibility in principle of the costs of operations to remove the remaining oil from the wreck of the Osung No.3, even if no significant quantity of cargo was found in the tanks.