What is the scope of the Inter-American Convention on Liability for Maritime Claims?

The Inter-American Convention on Liability for Maritime Claims, also known as the Lima Convention, is an international agreement that governs the legal aspects of maritime claims within South Carolina. The Lima Convention outlines the amount of financial compensation that a maritime claimant is entitled to in the event of an incident that results in damage to people, maritime property, or the environment. The scope of the Lima Convention is to provide a framework for payment of compensation in event of a maritime incident. It sets forth the standards that must be met and the amount of compensation a claimant is entitled to in general terms. The Lima Convention is applicable to all types of maritime claims, including death of a seaman, cargo damage, personal injury, and environmental damage. The Lima Convention also covers the principle of absolute liability, meaning a shipowner is liable for damages without any requirement to prove fault. The Convention stipulates that claimants are entitled to receive prompt, full, and effective compensation for the damages suffered. This compensation should be at least equal to the amount that the shipowner would be liable for had responsibilities been proved. The Lima Convention is an important tool for South Carolina maritime law and provides clarity for claimants in the event of a maritime incident. The Convention enables shipowners to understand their legal obligations in advance and set out a framework for the payment of compensation in a fair manner.

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What is the scope of the Inter-American Convention on Liability for Maritime Claims?

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