Decisión nº: 000136

In October 1989 the 1971 Fund Executive Committee decided that, taking into account the Memorandum of Understanding signed in 1985 between the Japan P&I Club and the 1971 Fund, and in view of the disproportionately high legal costs in establishing the limitation fund compared with the low limitation amount, the Fund could, as an exception, pay compensation without the limitation fund being established. The Committee instructed the Director to prepare a document for submission at its September 1990 sessionconcerning the special problems caused by incidents involving small vessels.