maritime flashback

• Hague Rules do not cover the liability of the carrier for delay in delivery
• Hamburg Rules


  Govern the liability of the carrier for delay in delivery in the same manner as liability for loss of or damage to the goods, in accordance with the principle of presumed fault or neglect
• Liability limits under Hamburg Rules

  • Limit the liability of the carrier for loss or damage to the goods to an amount equal to 835 units of account per package or other shipping unit, or 2.5 units of account per kilogram of gross weight of the goods lost or damaged, whichever is the higher
  • 25 percent higher than those established under the 1979 additional protocol, which also uses the SDR as the unit of account
• In The Hague Rules and the Visby protocol the limits of liability are expressed in units of account based upon a certain quantity of gold because national currencies no longer have a fixed values in relation to gold, the values of those limits in national currencies vary