Decision ID: 003760

In October 2010, the 1992 Fund Executive Committee noted that in a judgement rendered in September 2010, the Arbitration Court of Saint Petersburg and Leningrad Region had decided to maintain the shipowner’s limitation fund at only 3 million SDR on the grounds that the amendments increasing the limits under the 1992 Civil Liability Convention and 1992 Fund Convention had not been published in the Russian Official Gazette at the time of the incident.  The Executive Committee also noted that the Fund had appealed against that decision.

Categories: Application of the Conventions, Financial limits, limitation proceedings and indemnification
Subjects: Compulsory insurance, Implementation of the Conventions into national law, Establishment of the shipowner's limitation fund