Decision ID: 001083

In October 1999 the 1971 Fund Executive Committee and the 1992 Fund Executive Committee, in private sessions pursuant to Rule 12 of the Rules of Procedureat at which only the delegations of Member States of the 1971 Fund and the 1992 Fund were present, considered whether the 1971 Fund and the 1992 Fund respectively should take recovery actions against a shipyard in Singapore that had carried out significant repairs to the Nakhodka in 1993. The two Committees, noting that the Funds’ technical experts were investigating the extent of these repairs, decided that it should be left to the Director’s discretion, in the light of what was in the best interest of the Funds, whether or not to take legal actions against the shipyard.