The liability limits

The limits of liability set out under the Rotterdam Rules for loss ordamage are 875 SDRs per package or 3 SDRs per kilo, whichever amountis higher.

“Packages”, where goods are carried on or in containers or trailers, are defined as those packages enumerated in the contract as packed in or on such article of transport and in the absence of such details, one trailer or container would equate to one package.

SDRs are special drawing rights, potential claims on the freely usable currencies of International Monetary Fund members.

A separate limitation is set out for economic loss in respect of delayed delivery as up to two and a half times the freight payable by the shipper but no more than the package limitation for total loss of the goods.

The time bar on claims under the Convention is two years from the date of delivery or the date on which the goods should have been delivered.