Under the deal between the families and Libyan officials, Libya could pay up to US$10 million in compensation for each of the 270 victims that may be covered by the settlement.
An initial US$4 million would be paid once UN sanctions, which were imposed on Libya in 1992 and suspended in 1999 after Tripoli turned over two Libyan suspects for trial, are ended. One Libyan suspect was convicted and the other acquitted in 2001 after a trial in the Netherlands under Scottish law.
The first payment would be followed by another US$4 million if the US lifts its own sanctions and by US$2 million if it drops Libya from the US list of state sponsors of terrorism.
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