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

The Convention on Limitation of Liability for Maritime Claims is an international treaty that seeks to limit a vessel’s liability for damages arising from maritime incidents. This convention was put in place to ensure that vessels and other seafarers don’t incur disproportionately high liabilities due to shipping incidents. In South Carolina, the Convention sets out specific limits of maritime claims liability. These limits are based on the vessel’s tonnage, which is the overall weight that it can carry. Generally, a vessel’s limit of liability will fall somewhere between 400 and 2,400 units of account—one unit of account is equal to 500 gold francs—based on the vessel’s tonnage. The Convention also sets out the conditions that must be met for a claimant to receive the limitation of liability. These conditions generally include a lack of knowledge or intent of fault on the part of the vessel’s crew or owners, a lack of knowledge or intent of fault of any third party, and that the incident did not involve a hazardous substance. Ultimately, the Convention on Limitation of Liability for Maritime Claims seeks to ensure that those involved in maritime incidents don’t incur disproportionate liabilities. The Convention helps to establish a standardized set of limits for maritime claims, ensuring that seafarers in South Carolina and beyond are able to seek redress without fear of overly severe liabilities.

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

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