Gard action

Gard has filed proceedings in the English High Court of Justice against the 1971 IOPC Fund to resolve outstanding issues in the Nissos Amorgos incident. Gard seeks a ruling that the Fund is bound to reimburse further amounts which the Club may have to pay in Venezuela and that by refusing to do so is it in breach of funding procedures they agreed to follow at the outset of the case. In October 2013 the Administrative Council of the 1971 Fund resolved to wind up its affairs. It is understood it intends completing this process during the course of 2014. However, Gard – with other International Group P&I Clubs – believes the winding up the Fund is premature pending a satisfactory resolution of outstanding compensation cases, of which the Nissos Amorgos is one of five.