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The invitation and agenda for the next meeting of the IOPC Funds’ governing bodies are available here. This meeting was rescheduled to 2 to 4 December 2020 and will be held remotely. Documents pertaining to the meeting continue to be issued with the document code IOPC/NOV20, despite the change in date.
Decision ID: 001473
In October 2003 the 1971 Fund Administrative Council decided, in view of the considerable time that could elapse before the limitation amount would be determined by the Court, to authorise the Director to agree with the shipowner’s insurer on an exchange rate between the Special Drawing Right (SDR) and the Korean Won to be applied to establish the limitation amount applicable to the vessel.
Date: 30.09.2003 Category: Financial limits, limitation proceedings and indemnification Subject: Establishment of the shipowner's limitation fund