International Convention on the Establishment of an International Fund for Compensation for Oil Pollution Damage, 1992:Article 42

International Convention on the Establishment of an International Fund for Compensation for Oil Pollution Damage, 1992

Article 42

Geldend

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1.

Any Contracting State may, within ninety days after the deposit of an instrument of denunciation the result of which it considers will significantly increase the level of contributions for remaining Contracting States, request the Director to convene an extraordinary session of the Assembly. The Director shall convene the Assembly to meet not later than sixty days after receipt of the request.

2.

The Director may convene, on his own initiative, an extraordinary session of the Assembly to meet within sixty days after the deposit of any instrument of denunciation, if he considers that such denunciation will result in and significant increase in the level of contributions for the remaining Contracting States.

3.

If the Assembly at an extraordinary session convened in accordance with paragraph 1 or 2 decides that the denunciation will result in and significant increase in the level of contributions for the remaining Contracting States, any such State may, not later than one hundred and twenty days before the date on which that denunciation takes effect, denounce this Convention with effect from the same date.

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