The Carriage of Goods by Sea Convention

The Carriage of Goods by Sea Convention, often referred to as the Hague-Visby Rules, is an international legal framework that governs the transportation of goods by sea. It outlines the rights and responsibilities of shipping companies and cargo owners. The convention sets standards for the carrier's liability, stipulating how much they are responsible for in case of loss or damage to goods. It aims to ensure fair practices and protect both parties involved in maritime shipping, promoting efficiency and clarity in maritime trade.