Decision ID: 001431

In February 2003 the 1992 Fund Executive Committee noted that claims totalling £300 million had been lodged against the shipowner’s limitation fund constituted by the shipowner’s P&I insurer, including the French Government (£125 million) and Total Fina Elf (£105 million). The Committee noted, however, that most of these claims, other than those of the French Government and Total Fina Elf, had been settled, and that it appeared that these claims should be withdrawn against the limitation fund to the extent that they related to the same loss of damage.

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

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