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Chartering - LLMC Liability Cap

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Limit of Liability for Maritime Claims (LLMC) - SDR-based cap on non-personal-injury + personal-injury claims.

Formula

$$ L = f(GT) $$

Symbol legend

SymbolMeaningUnitSource
$SDR$Special Drawing RightSDRIMF
$GT$Gross Tonnage-tonnage cert

Sources

  • LLMC 1976 as amended by 1996 Protocol.