Decision ID: 004005

In October 2014, the 1992 Fund Assembly and Supplementary Fund Assembly decided that Resolution No11 should be recast into a new Resolution such that it:

1. noted the legal opinion on obligations of Member States under the principles of State responsibility for internationally wrongful acts;
2. incorporated the Policy on Outstanding Oil Reports and Deferment of Compensation Payments;
3. expressed the Member States’ intention to seek compensation, if the situation so required, under the principles of State responsibility for internationally wrongful acts, in cases of outstanding oil reports and failure by the Funds to obtain contributions due to improper implementation of Article 13.2 of the 1992 Fund Convention and Article 12.1 of the Supplementary Fund Protocol;
4. took into account any expansion of the policy decision to cover outstanding contributions (paragraph 6.2.14 (b) of document IOPC/OCT14/11/1);
5. retained/reiterated the current provisions of Resolution No11 in respect of the obligations of receivers of contributing oil;
6. retained/reiterated obligations of Member States under the Fund Conventions;
7. reiterated/expanded the request to Member States to report on the means by which they have implemented their obligations under the Fund Conventions; and
8. directed the Audit Body to monitor the effectiveness of new measures once implemented.