Decisión nº: 002172

In March 1980 the 1971 Fund Assembly, recalling that under Article 5.3 of the 1971 Fund Convention the 1971 Fund was exonerated wholly or partially from its obligations to indemnify the shipowner and his guarantor if the ship from which the oil causing pollution damage escaped did not comply with the requirements laid down in certain instruments referred to in Article 5.3 (a), decided to replace the International Convention for the Safety of Life at Sea, 1960 in sub-paragraph 5.3 (a) (ii), by the International Convention for the Safety of Life at Sea, 1974, with effect from 1 January 1981.