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The invitation and agenda for the next meeting of the IOPC Funds’ governing bodies are available here. This meeting was rescheduled to 2 to 4 December 2020 and will be held remotely. Documents pertaining to the meeting continue to be issued with the document code IOPC/NOV20, despite the change in date.
Decision ID: 001355
In May 2002 the 1971 Fund Administrative Council noted that in December 2001 the Sunchon District Court had rendered judgements in respect of claims for alleged losses as a result of a decrease in prices of caged fish. It was noted that the Court had rejected the claims on the grounds that such losses could not be distinguished from those resulting from a typhoon and red tides, which occurred at the same time as the incident.
Category: Pure economic loss (fisheries and mariculture) Subject: Loss of income from mariculture due to business interruption as a result of oil pollution