The Government proposes to amend Schedule 2 to the Merchant Shipping (Limitation of Shipowners Liability) Ordinance (Cap. 434) to incorporate the latest liability limits adopted by the International Maritime Organization (IMO) in the Convention on Limitation of Liability for Maritime Claims into local legislation.
“The amendments will increase shipowners’ financial liability limits for maritime incidents in order to align with the IMO’s requirements,” a spokesman for the Transport and Housing Bureau said.
The Legislative Council Panel on Economic Development and relevant advisory and consultative committees of the Marine Department have been consulted. Members supported the legislative proposals.
The proposed legislative amendments were gazetted today (October 6) and will be tabled at the Legislative Council on October 11 for negative vetting.
Source: Hong Kong GovernmentPrevious Next