Protocol of 1992 to amend the International Convention on the Establishment of an International Fund for Compensation for Oil Pollution Damage, 1971:Article 37 Winding up of the Fund

Protocol of 1992 to amend the International Convention on the Establishment of an International Fund for Compensation for Oil Pollution Damage, 1971

Article 37 Winding up of the Fund

Geldend

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1.

If this Protocol ceases to be in force, the Fund shall nevertheless:

a)

meet its obligations in respect of any incident occurring before the Protocol ceased to be in force;

b)

be entitled to excercise its rights to contributions to the extent that these contributions are necessary to meet the obligations under subparagraph a), including expenses for the administration of the Fund necessary for this purpose.

2.

The Assembly shall take all appropriate measures to complete the winding up of the Fund including the distribution in an equitable manner of any remaining assets among those persons who have contributed to the Fund.

3.

For the purposes of this Article the Fund shall remain a legal person.

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