Submission to the IOPC Fund – Funding of interim payments

Friday, 16th September 2016

This submission informs the IOPC Fund Member States that the International Group has continued to work closely with the IOPC Fund’s Consultation Group, and the Fund Director, to clarify the basis on which interim payments are made in respect of claims where the 1992 Civil Liability Convention limit is exceeded and which are funded both by the P&I Club and the 1992 Fund, and that the International Group endorses the agreement in this regard that has been tabled for the 1992 IOPC Fund Assembly meeting.

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Memorandum of Understanding signed with the Singapore Maritime Foundation

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