Decision ID: 003881

In April 2012, the 1971 Fund Administrative Council instructed the Director to conduct a further analysis on the legal basis for the 1971 Fund to refuse payment under Article X of the 1969 CLC and to examine the points raised by the Bolivarian Republic of Venezuela in their third intervention in consultation with the Legal Affairs and External Relations Division of the IMO.

Date: 26.04.2012
Categories: Legal actions, Time bar provisions, Application of the Conventions, Pure economic loss (fisheries and mariculture)
Subjects: Judgements in respect of claims for pure economic loss, Interpretation/application of the time-bar provisions in Article VIII of the 1969 and 1992 Civil Liability Conventions and Article 6 of the 1971 and 1992 Fund Conventions, Enforceability of judgements, Loss of income from fishing due to contamination of fishing grounds or imposition of fishing bans