However, whilst the UAE has ratified the LLMC 1976, it is widely accepted that the UAE Courts will not constitute a limitation fund in the UAE even if a limitation fund would ordinarily be constituted in other contracting States in the same circumstances.
The DWT was asked by the claimant shipowner to either constitute a limitation fund in the UAE, by deposit of a P&I Club letter of undertaking, pursuant to the LLMC 1976, or to make a declaration that a limitation fund for the maritime claims brought against it could be established.
Liability Limits in the LLMC and 2002 Athens Convention Compared to U.S.
The MLA advocates for adoption of the Convention on Limitation of Liability for Maritime Claims ('76 London Convention, "LLMC").
Convention sets specified limits of liability for two types of claims against ship owners: (1) claims for loss of life or personal injury and (2) property claims, such as damage to other ships, property or harbor works.
The amount of the financial cover is supposed to be an amount equal to the limits of liability under the applicable national or international limitation regime, but in all cases, not exceeding an amount calculated in accordance with the LLMC
FOLLOWING this month's accession of Malta to the 1996 Protocol of the 1976 International Maritime Organisation (IMO) Convention on Limitation of Liability for Maritime Claims (LLMC
), the amounts of compensation for maritime claims for loss of life or personal injury, and property claims, will be sharply increased from May this year.
The session also approved taking the necessary legal and constitutional procedures to refer to the parliament a draft law on the kingdom's accession to the Convention on Limitation of Liability for Maritime Claims (LLMC
) of 1976 and the Protocol amending it, and another on Bahrain's ratification of the International Convention on Civil Liability for Bunker Oil Pollution Damage of 2001.
They included the 1976 Convention on Limitation of Liability for Maritime Claims (LLMC
) and amendments, and the International Convention on Civil Liability for Oil Pollution Damage of 2001.
They voted yes, during the plenary session on 29 March, to incorporating a convention of the IMO (International Maritime Organisation), harmonising ship-owners' civil liability systems (the 1996 Convention on the Limitation of Liability for Maritime Claims - LLMC
) into EU law.
(1) 1996 Convention liability and compensation for damage linked to the transport by sea of noxious and potentially harmful substances (HNS); 2001 Convention on third party liability for damage due to fuel oil pollution; 2003 protocol to the convention setting up the International Oil Pollution Compensation Fund (Fipol); 1996 Protocol to the Convention on limitation of liability for maritime claims (LLMC