Gard is to challenge the IOPC Funds decision to wind up its 1971 fund before outstanding issues relating to a spill in Venezuelan waters by the 86,400-dwt Greek controlled Nissos Amorgos (built 1988) are finally resolved.
The Gard protection and indemnity club is facing two duplicated claims of $60m over the spill, with a final judgment from Venezuela’s Supreme Court upholding the validity of the compensation sought.
The
