U.S. Signs Rotterdam Rules: Changes in Cargo Liability
On September 23, 2009, the shipping industry embraced a new international regime — the Rotterdam Rules (United Nations Convention on Contracts for the International Carriage of Goods Wholly or Partly by Sea) — to regulate marine cargo liabilities in the global economy. As a new international regime on contracts of carriage by sea, fifteen signatory nations including the United States, Denmark, the Netherlands, Switzerland, Spain, Poland, Guinea, Senegal, Greece, Norway, Ghana, Nigeria, Togo, Benin and the Democratic Republic of Congo signed the Rotterdam Rules. France and China are not yet signatories, but are public supporters of the Rotterdam Rules. The maritime nations of New Zealand, the United Kingdom, Singapore, Bulgaria, Slovenia, Japan, Finland and Croatia have not yet signed the Convention.