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