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The “Thorco Lineage” [2023] EWHC 26 (Comm): Hague-Visby Rules liability limitation extends to economic loss; The “Limnos” [2008] 2 Lloys’d Rep. 186 not followed

Art IV r 5(a) of the Hague-Visby Rules limits the liability of the carrier “for any loss or damage to or in connection with the goods” to the higher of 666.67 Special Drawing Rights (currently about USD899) per package (or unit) or 2 Special Drawing Rights (currently about USD2.70) per kilogramme of gross weight “of the goods lost or damaged”.

 

Please read the full article written by Kishore Sharma and Dr. Arun Kasi here.

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