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Published online by Cambridge University Press: 20 March 2017
[Reproduced from the text provided to International Legal Materials by the Inter-Governmental Maritime Consultative Organization.[As of May 17, 1977, there was only one signature to theConvention—that on behalf of the United Kingdom.[The International Conference on Limitation of Liability for Maritime Claims, 1976, held in London, November 1-19, 1977,adopted an undertstanding in relation to participation in theConvention. That understanding appears at I.L.M. page 616.[The Convention incorporates a new unit of account in Article 8(the I.M.F. Special Drawing Right). The adoption of this new unit, together with a system of calculating the limits of liability in another monetary unit for States that do not use the Special Drawing Right to determine values in national currency, made it desirable to modify certain other Conventions in which the limitation of shipowners' liability is defined, thus, the three Protocols at I.L.M. pages 617, 621 and 625. The first modifies the International Convention on Civil Liability for Oil Pollution Damage, 1969, at 9 I.L.M. 45 (1970). The second modifies the International Convention on the Establishment of an International Fund for Compensation for OilPollution Damage, 1971, at 11 I.L.M. 284 (1972). The third modifies the Athens Convention Relating to the Carriage of Passengers and their Luggage by Sea, 1974, at 14 I.L.M. 945 (1975). As of May 17, 1977, there had been no signatures of the three Protocols. The Conferences which adopted these Protocols were held on the same occasion as the Conference which adopted the new Liability Convention.]
* [Reproduced from the text provided to International Legal Materials by the Inter-Governmental Maritime Consultative Organization.[As of May 17, 1977, there was only one signature to theConvention—that on behalf of the United Kingdom.[The International Conference on Limitation of Liability for Maritime Claims, 1976, held in London, November 1-19, 1977,adopted an undertstanding in relation to participation in theConvention. That understanding appears at I.L.M. page 616.[The Convention incorporates a new unit of account in Article 8(the I.M.F. Special Drawing Right). The adoption of this new unit, together with a system of calculating the limits of liability in another monetary unit for States that do not use the Special Drawing Right to determine values in national currency, made it desirable to modify certain other Conventions in which the limitation of shipowners' liability is defined, thus, the three Protocols at I.L.M. pages 617, 621 and 625. The first modifies the International Convention on Civil Liability for Oil Pollution Damage, 1969, at 9 I.L.M. 45 (1970). The second modifies the International Convention on the Establishment of an International Fund for Compensation for OilPollution Damage, 1971, at 11 I.L.M. 284 (1972). The third modifies the Athens Convention Relating to the Carriage of Passengers and their Luggage by Sea, 1974, at 14 I.L.M. 945 (1975). As of May 17, 1977, there had been no signatures of the three Protocols. The Conferences which adopted these Protocols were held on the same occasion as the Conference which adopted the new Liability Convention.]
