Item No.
CONFIDENTIAL
18
Convention
·
Limitation of the Liability of Owners of Sea-going ships, 1957 (item 13.11) which no longer applies to Hong Kong. A denunciation latter (the 1957 Convention) was made UK (which included Hong Kong) on 1 1986. The Convention was concluded
the auspices of the International Organisation in London on 9 November The
UK ratified it on 31 January Hong Kong was included in the UK's The PRC is not a party to the
of the
by the
December
under
Maritime
1976.
1980.
ratification.
Convention.
2.
board
The
Or
Convention
sets out uniform rules
relating to the limitation of liability for maritime claims. It provides that shipowners and salvors may limit their liability for the claims set out in Article 2, including claims in respect of loss of life, personal injury, or loss or damage to property occurring on
in direct connexion with the
operation of the ship. The limits of
liability for claims are calculated in terms
of Unit of Accounts i.e. Special Drawing Rights as defined by the International
Monetary Fund (Article 6).
alleged to be liable may constitute a fund with the court or other appropriate competent authority in respect of claims subject to The fund shall be distributed
in proportion to their
established claims against the fund (Article
limitation.
among the claimants
11).
Any person
The Convention is open to accession by
all States (Article 16),
DENTIAL
122