Decision ID: 003254

In October 1995 the 1971 Fund Executive Committee reiterated its position from its 42nd session that the Fund could only pay compensation to the extent that the claimant had demonstrated an actual loss supported by evidence which would enable the Fund’s experts to form an independent opinion on the damage sustained. The Committee stated that, although a certain flexibility would have to be execised as regards the application of the requirement of proof, the criteria laid down at that session should be respected.

Date: 30.09.1995
Categories: Pure economic loss (fisheries and mariculture), Pure economic loss (general)
Subjects: Loss of income from fishing due to contamination of fishing grounds or imposition of fishing bans, Assessment of quantum, Assessment of quantum, Fishery claims unsupported by documentary evidence of losses