NEWS

Change in Limitation Amounts under English Law

From today (30 November 2016) the following limitation amounts will apply to incidents occurring on or after that date.

For property claims for ships not exceeding 2,000GT the new limit is 1.51 million SDRs (up from 1 million SDRs) with the following additional amounts for larger vessels:

  • For each ton from 2,001 to 30,000 tons, 604 SDR’s (up from 400 SDRs).
  • For each ton from 30,001 to 70,000 tons, 453 SDR’s (up from 300 SDRs).
  • For each ton in excess of 70,000 tons, 302 SDR’s (up from 200 SDRs).


For loss of life or personal injury claims the new limit for a ship not larger than 2,000GT is 3.02 million SDRs (up from 2 million SDRs), with the following additional amounts for larger vessels:

  • For each ton from 2,001 to 30,000 tons, 1,208 SDR’s (up from 800 SDRs).
  • For each ton from 30,001 to 70,000 tons, 906 SDR’s (up from 600 SDRs).
  • For each ton in excess of 70,000 tons, 604 SDR’s (up from 400 SDRs).

 
One SDR is currently worth GBP 1.0838 or USD 1.3521.

© Harvey Ashby Limited 2017