Decision ID: 002739

In October 2000 the 1992 Fund Assembly noted that earlier the same month the Legal Committee of the International Maritime Organization (IMO) had adopted two Resolutions amending the limits laid down in the 1992 Civil Liability Convention and the 1992 Fund Convention by 50.37% and that as a result the maximum amount available for compensation under the 1992 Conventions would be 203 SDR (£180 million). It was also noted that the amendments would enter into force on 1 November 2003, unless prior to 1 May 2002 a quarter or more of the Contracting States had communicated to IMO that they did not accept the amendments.

Date: 30.09.2000
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