Decision ID: 003474

In October 2008 the 1992 Fund Assembly decided to levy contributions to the General Fund for a total of £10.0 million, with the entire levy due for payment by 1 March 2009. It was also decided to levy contributions of £50.0 million with respect to the Volgoneft 139 incident, the entire levy to be deferred, the Director being authorised to invoice all or part of the deferred levy for payment during the second half of 2009, if and to the extent required, and subject to a decision by the Executive Committee authorising him to make payments of compensation with respect to that incident. The Assembly decided that there should be no levy of 2008 contributions in respect of the Erika Major Claims Fund. The Assembly further decided to levy 2008 contributions to the Prestige and Hebei Spirit Major Claims Funds of £2.0 million and £33.5 million respectively, the entire levies to be deferred, the Director being authorised to invoice all or part of the deferred levies to these Major Claims Funds for payment during the second half of 2009, if and to the extent required.