Tribunal delivers its Judgment in The M/V “Norstar” Case (Panama v. Italy).
In its Judgment, the Tribunal finds that Italy violated article 87, paragraph 1, of the Convention, that article 87, paragraph 2, of the Convention is not applicable in the case, and that Italy did not violate article 300 of the Convention. The Tribunal awards Panama compensation for the loss of the M/V “Norstar” in the amount of US$ 285,000 with interest.