FAQ
About the calculation.
General information only; the transport document and the applicable law govern.
What is an SDR?
The Special Drawing Right (SDR) is a reserve asset defined by the International Monetary Fund and valued against a basket of major currencies. Transport conventions express limits of liability in SDR, which are converted into national currency, usually at the rate on the date of judgment or payment, depending on the regime.
How is the Hague-Visby limit calculated?
The carrier’s liability is limited to the higher of 666.67 SDR per package or unit and 2 SDR per kilogram of gross weight of the goods lost or damaged. Where goods are consolidated in a container, the packages enumerated in the bill of lading as packed in it count as the packages.
Can the limit of liability be broken?
Under several regimes the limit does not apply if the nature and value of the goods were declared and inserted in the transport document, or if the loss resulted from certain intentional or reckless conduct by the carrier. The tests differ between conventions and are applied strictly.
What was the Montreal Convention cargo limit before December 2024?
22 SDR per kilogram. ICAO’s review raised it to 26 SDR per kilogram for losses occurring on or after 28 December 2024.
Free case review
A cargo claim worth more than the limit?
Send us the transport documents, survey report and invoices for a free review.