Decision ID: 002654

In October 1998 the 1992 Fund Assembly decided that it could not agree to the proposal by the Egyptian delegation to accept Egypt as a Member of the 1992 Fund on the basis that the oil passing through the SUMED pipeline would not be subject to contributions and that the right to receive compensation from the 1992 Fund would be waived in respect of incidents relating to the SUMED pipeline.

Date: 30.09.1998
Category: Application of the Conventions
Subject: Interpretation of 'received' in Article 10.1 of the 1971 and 1992 Fund Conventions