Decision ID: 002633

In May 1998 the 1971 Fund Assembly took the view that there were no benefits in remaining a Member of the 1971 Fund, and that there were financial disadvantages in remaining in the 1971 Fund on becoming a Member of the 1992 Fund. The 1971 Fund Assembly adopted a Resolution (1971 Fund Resolution No.12) to the effect that Governments of 1971 Fund Member States were urged to consider, as a matter of great urgency, accession to the 1992 Fund Protocols to the 1969 Civil Liability Convention and the 1971 Fund Convention and of the need, when depositing instruments of accession to the 1992 Protocols, to deposit simultaneously instruments of denunciation of the 1969 and 1971 Conventions.