Decision ID: 003728

In October 2010, the 1992 Fund Executive Committee noted that, in accordance with the authorisation given to him by the Executive Committee in October 2009, the Director had decided to discontinue the execution of the judgement against the registered owner of the vessel rendered by the Abu Dhabi Court of First Instance in March 2008, since it was clear that the costs would exceed the recoverable amount, and had written off the debt.  The Executive Committee further noted that the incident was now closed.

Category: Legal actions
Subject: Limitation proceedings, subrogated claims and distribution of the shipowner's limitation fund under Article V of the 1969 and 1992 Civil Liability Conventions