Decision ID: 001441

In February 2003 the 1971 Fund Executive Committee, following the same principles that were applied in the case of the Nakhodka and Erika incidents, decided that the conversion of 135 million SDR into Euros should be made on the basis of the value of that currency vis-à-vis the SDR on the date of the adoption of the Executive Committee’s Record of Decisions of its 20th session, ie 7 February 2003.

Date: 01.02.2003
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