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

The Convention on Limitation of Liability for Maritime Claims (1996) is an international agreement that sets limits on the amount of shipowners’ liability for maritime claims. The convention provides consistency among the laws of the different signatory states, many of which are in the European Union. The purpose of the convention is to provide a legal framework that allows for the efficient and reliable settlement of maritime claims. Under the convention, a shipowner’s liability is limited to a predetermined amount. This amount is determined by the tonnage of the vessel involved. The scope of the convention includes claims for death and injury of passengers and crew, loss of property, pollution, and salvage. The convention also sets limits for claims arising from wreck removal and for damage to fishing vessels and their equipment. In Tennessee, the Convention on Limitation of Liability for Maritime Claims is generally applicable. Any claim for maritime injury, death, or property damage must be brought within the confines of the Convention in order to take advantage of the limitation of liability provisions therein. Ultimately, the Convention on Limitation of Liability for Maritime Claims serves to protect the interests of both shipowners and claimants. It provides a fair and standardized set of rules that allow for reliable and efficient resolution of maritime claims.

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

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