Decision ID: 001426

In February 2003 the 1992 Fund Executive Committee noted that the shipowner’s insurer (Steamship Mutual) had filed an action in the Commercial Court in Rennes against the 1992 Fund, requesting inter alia, the Court to note that it had paid £8.4 million, corresponding to the limitation amount applicable to the shipowner under the 1992 Civil Liability Convention, in agreement with and under the control of the 1992 Fund and its Executive Committee and to declare that it had fulfilled all its obligations under the 1992 Civil Liability Convention, that the limitation amount had been paid and that the shipowner was exonerated from his liability under the Convention. It was also noted that the insurer had requested the Court to order the 1992 Fund to reimburse it any amount it would have paid in excess of the limitation amount.

Date: 01.02.2003
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