Web Alert: The UK Department for Transport launches a consultation on the implementation of amendments to the 1996 Protocol

On 12th April 2012 the IMO agreed to increase the limits of liability set out in the 1996 Protocol to the Convention on Limitation of Liability for Maritime Claims 1976 (“the Protocol”) to reflect changes in monetary value between 1996 and 2012. These new limits have entered into force internationally on 8 June 2015.
 
Yet, the new 2015 limits still requires in many countries to be given effect domestically by national legislation. This is the case in the UK which has just launched on 22 December 2015 a consultation on the introduction of these new limits of liability. The department for Transport is also seeking the stakeholders views on a small number of additional amendments related to domestic maritime legislation.

Click here for more information.

This consultation closes on 2 February 2016. Therefore, until further notice, the original 1996 Protocol limits remain applicable in the UK.
 
We shall keep you updated.