Decision ID: 001367

In July 2002 the 1992 Fund Executive Committee noted that at its 8th session the 1971 Fund Administrative Council had decided that the conversion of the amount payable by the 1971 Fund in respect of the Nakhodka incident should be made using the rate of exchange between the SDR and Japanese Yen on 19 February 1997, the date on which the 1971 Fund Executive Committee adopted the Record of Decisions of the session at which the Committee authorised the Director to make final settlement of claims.

Date: 30.06.2002
Category: Financial limits, limitation proceedings and indemnification
Subject: Maximum aggregate amount payable under the Conventions in accordance with Article 4.4 of the 1971 and 1992 Fund Conventions