Decision ID: 003641

In October 2009 the 1992 Fund Administrative Council decided that there should be no levy of 2009 contributions to the General Fund. It was also decided that there should be no levy of 2009 contributions in respect of the Erika Major Claims Fund. The Administrative Council further decided to levy £3 million in respect of the Prestige Major Claims Fund and £52 million in respect of the Hebei Spirit Major Claims Fund, the entire levies to be deferred, the Director being authorised to invoice all or part of the deferred levies for payment during the second half of 2010, if and to the extent required, The Administrative Council also decided to levy contributions of £40 million in respect of the Volgoneft 139 Major Claims Fund, 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 2010, if and to the extent required, and subject to a decision authorising him to make payments in respect of that incident having been made by the 1992 Fund Executive Committee.

Date: 30.09.2009
Categories: Administrative matters, Financial matters
Subjects: Levying and reimbursement of contributions, Levying and reimbursement of contributions