The government said in a press release that it is proposing to amend Schedule 2 to the Merchant Shipping (Limitation of Shipowners Liability) Ordinance (Cap. 434) to incorporate the latest liability limits adopted by the IMO in the Convention on Limitation of Liability for Maritime Claims into local legislation.
“The amendments will increase shipowners’ financial liability limits for maritime incidents in order to align with the IMO’s requirements,” a spokesman for the Transport and Housing Bureau (THB) said.
The Legislative Council Panel on Economic Development and relevant advisory and consultative committees of the Marine Department have been consulted, THB said, adding that members supported the legislative proposals.
The proposed amendments are scheduled to be tabled at the Legislative Council on 11 October.
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