Decision ID: 004057

At its October 2015 session, the 1992 Fund Executive Committee decided to instruct the Director to explore with the Korean Government a possible global settlement in respect of the Hebei Spirit incident that would enable the 1992 Fund to pay up to its limit immediately and to present it to the 1992 Fund Executive Committee at its spring 2016 session for its consideration and approval.

Date: 22.10.2015
Category: Compensation payments
Subject: Global settlements