Decision ID: 000983

In February 1999 the 1971 Fund Executive Committee, noted that the shipowner had paid the limitation amount into court and that he was not prepared to make any payments to claimants as well. It was also noted that the claimants would have to wait a long time before receiving payments if the 1971 Fund were to wait for the completion of the limitation proceedings and the distribution of the limitation fund. In view of the relatively small amounts involved, the Committee decided that the 1971 Fund should pay all established claims in full and present subrogated claims against the shipowner’s limitation fund.

Date: 01.02.1999
Categories: Financial limits, limitation proceedings and indemnification, Legal actions
Subjects: Limitation proceedings, subrogated claims and distribution of the shipowner's limitation fund under Article V of the 1969 and 1992 Civil Liability Conventions, Limitation proceedings, subrogated claims and distribution of the shipowner's limitation fund under Article V of the 1969 and 1992 Civil Liability Conventions

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