Decision ID: 002222

In October 1982 the 1971 Fund Assembly considered the status of newly-independent States to the territory of which the 1971 Fund Convention had been extended before independence, but which had not notified the depositary beyond doubt whether or not they wanted to be bound to that Convention. The Assembly endorsed the approach taken by the Secretary-General of the International Maritime Organization (IMO), as the depositary of the 1971 Fund Convention, that the Convention should be regarded as having been suspended and that retroactive application of rights and obligations of the Fund Convention would not be possible. The Assembly agreed that such an approach was a satisfactory balance of the various interests.