Decision ID: 002779

In January 2001 the 1971 Fund Administrative Council agreed that, provided the 2000 Protocol to the 1971 Fund Convention entered into force on 27 June 2001, and unless by mid-May 2001 two more States had denounced the 1971 Fund Convention, the Director should convene an extraordinary Assembly of the 1971 Fund on 22 June 2001 at which the Assembly would be invited to note that the total quantity of contributing oil received in the remaining 1971 Fund Member States had fallen below 100 million tonnes, and that as a consequence the 1971 Fund Convention would cease to be in force on 22 June 2002.

Date: 01.01.2001
Categories: Administrative matters, Application of the Conventions
Subjects: Operation and winding up of the 1971 Fund after May 1998, Treaty/constitutional issues