Double Joy – Signing of Agreement on interim payments

On 9 November 2017, the Director was pleased to visit the offices of the Singapore branch of the Shipowners’ Club, to sign an agreement between the two organisations on the handling of interim payments in relation to the Double Joy incident (Johor, Malaysia, August 2014). The 1992 Fund Executive Committee had authorised the Director to sign the agreement following a discussion of the incident at its session the week before, when it had also decided that the agreement should be applied retrospectively to the amounts paid by the Club prior to the signature of the agreement.