Hague Rules

The Hague Rules refer to a set of international guidelines established to govern the rights and responsibilities of shipping companies and cargo owners during the transportation of goods by sea. Formulated in 1924, these rules aim to standardize practices for shipping contracts, clarify liability for loss or damage to cargo, and ensure fair treatment for all parties involved. They help to balance the interests of carriers and shippers, providing legal protections and setting expectations for shipping operations. Essentially, they create a framework to make maritime trade more reliable and equitable.