Shipowners' Liability Convention

The Shipowners' Liability Convention is an international treaty established to ensure that shipowners are financially responsible for damages caused by their ships, particularly in cases of accidents, pollution, or personal injury to crew members or passengers. This convention sets limits on the amount of compensation that shipowners must pay, providing a framework that balances the protection of victims with the financial viability of shipping companies. It aims to standardize liability across countries, making it easier for victims to claim compensation and ensuring accountability in maritime operations.