On 13th February Malta became the 10th state to accede to the Protocol to the Convention on Limitation of Liability for Maritime Claims LLMC , thereby triggering the entry into force of the protocol 90 days from that date, on 13th May The LLMC Protocol provides for considerably higher amounts of compensation for maritime claims for loss of life or personal injury and loss or damage to property than those in the LLMC. As under the LLMC, the limits under the protocol are global limits. Claims to which the protocol will apply In the countries where it is applicable, the LLMC Protocol will apply to claims arising out of occurrences which take place after its entry into force on 13th May
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LLMC , amendment. FAQs 1. What changes have been brought in by the amendment to the LLMC ? Under the amendments to the Protocol, the limits are raised as follows: The limit of liability for claims for loss of life or personal injury on ships not exceeding 2, gross tonnage is 3. The limit of liability for property claims for ships not exceeding 2, gross tonnage is 1. What is the value of an SDR? The value of an SDR is determined on the basis of a basket of major currencies. Consequently the value of an SDR moves relative to currency movements.
What claims are limitable under the convention? The amendment does not alter this. The effect of the Limitation convention for ship owners therefore remains the same, other than the fact that ship owners, when visiting to contracting states will be subject to the new higher limits. Are there any changes to the test for breaking limitation? The amendment does not change the test for breaking limitation.
When does the amendment to the LLMC come into force? The protocol is currently in force in 50 states. The Governments of contracting states had 18 months to object to the new limits i. No objections were received and the new limits will therefore come into force 18 months thereafter in June Does the amendment affect any other IMO conventions? Do Members require any further documentation from the Club to evidence compliance with the amendment? Bunker Convention and the Wreck Removal Convention automatically incorporate the amended LLMC limits, there is no need to amend the blue cards issued under those Conventions.
How many states are still party to the limits?
1996 Protocol to the 1976 Limitation Convention comes into force
Chapter V — Final clauses The States Parties to this Convention, Having Recognized the desirability of determining by agreement certain uniform rules relating to the limitation of liability for maritime claims, Have Decided to conclude a Convention for this purpose and have thereto agreed as follows: Chapter I — The right of limitation Article 1 Persons entitled to limit liability 1. Shipowners and salvors, as hereinafter defined, may limit their liability in accordance with the rules of this Convention for claims set out in Article 2. The term "shipowner" shall mean the owner, charterer, manager and operator of a seagoing ship. Salvor shall mean any person rendering services in direct connexion with salvage operations. Salvage operations shall also include operations referred to in Article 2, paragraph 1 d , e and f.
Increased limits of liability for maritime claims enter into force under 1996 LLMC Protocol
LLMC , amendment. FAQs 1. What changes have been brought in by the amendment to the LLMC ? Under the amendments to the Protocol, the limits are raised as follows: The limit of liability for claims for loss of life or personal injury on ships not exceeding 2, gross tonnage is 3. The limit of liability for property claims for ships not exceeding 2, gross tonnage is 1. What is the value of an SDR? The value of an SDR is determined on the basis of a basket of major currencies.