Decision ID: 004037

At its April 2015 session, the 1992 Fund Executive Committee noted that, in respect of the Volgoneft 139 incident, in a judgment delivered in November 2014, the Arbitration Court of Saint Petersburg and Leningrad Region had decided that the difference between the limitation fund deposited in Court by the shipowner’s insurer of 3 million SDR and the amount of the shipowner’s liability limit that would correspond under the 1992 Civil Liability Convention of 4.51 million SDR should be allocated between all claimants. It also noted that the Court had decided therefore that the ‘insurance gap’ of 1.51 million SDR should be deducted pro rata from the amount previously awarded to all claimants.

Date: 22.04.2015
Category: Legal actions
Subject: Judgements in respect of the application of the Conventions