HFW Briefing – Limitation of liability in Hong Kong

 
On 4 December 2017, Hong Kong will apply legislative amendments to Schedule 2 of the Merchant Shipping (Limitation of Shipowners Liability) Ordinance (Cap. 434) to give effect to the latest revision in limits of liability under the 1996 protocol to the Convention on Limitation of liability for Maritime Claims 1976, which were introduced in June 2015.

These amendments will increase tonnage limits by approximately 50% from what was previously in place under the 1996 protocol, which had been adopted by Hong Kong in 2015. There is unlikely to be any retrospective effect and the new limits will apply to claims arising out of maritime incidents that occur only after the commencement of the Amendment Order on 4 December 2017.

The Hong Kong office of Holman Fenwick Willan LLP has published a summary of the amendments, which can be accessed here: http://www.hfw.com/Limitation-of-liability-in-Hong-Kong-Breaking-News-October-2017#

For further information please contact either Paul Smit or Sherry Chen at our Singapore or Hong Kong branches respectively.