What is the scope of the Convention on Limitation of Liability for Maritime Claims?

The Convention on Limitation of Liability for Maritime Claims (LLMC) is a comprehensive international legal instrument governing the amount of maritime claims that may be limited by shipowners in the event of a maritime incident. The LLMC sets the maximum amount of money that a shipowner can be held liable for in the event of a maritime incident, regardless of the actual cost or damages incurred. The scope of the Convention is global and includes various areas of maritime liabilities, such as damage to property, wreck removal, and environmental damage. It also covers specific claims related to personal injury or death, as well as salvage and general average related claims. The amount that can be limited is linked to the tonnage of the vessel and varies depending on the type of claim. The LLMC applies to both intra- and international voyages, as well as salvage operations and other maritime claims that fall within the scope of the Convention. It is also binding on most countries that have ratified it, including the United States, Canada, and the countries of the European Union. In Virginia, the LLMC is enforced and the applicable limits on maritime claims will vary depending on the specific circumstances of the claim.

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What is the scope of the Convention on Limitation of Liability for Maritime Claims?

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