Decision ID: 003018

In March 2005 the Supplementary Fund Assembly noted that, as was the case for the 1992 Fund Convention, the Supplementary Fund Protocol provided for a system of capping of contributions prior to its widespread ratification to the effect that the annual contributions payable in respect of contributing oil received in a single Contracting State during a calendar year should not exceed a given percentage of the total amount of contributions pursuant to the Protocol in respect of that calendar year. The Assembly decided that, since the capping system under the Supplementary Fund Protocol was, from a technical point of view, identical to that which applied under the 1992 Fund Convention, the Supplementary Fund should follow the same procedures that had been applied by the 1992 Fund.