Strict liability

• Claimants do not need to show fault

Liable parties

• The owners "including the registered owner, bareboat charterer, manager and operator of the ship"

Type of ship

• "Any seagoing vessel and seaborne craft, of any type whatsoever"
  

Compulsory Insurance

• Owners required to have insurance to meet liabilities under Convention in order to operate in states where Convention in force (unless ship 1000 gt or less)

Exclusions

• Damage resulting from act of war (terrorism is not included in definition of act  of war)
• Damage wholly caused by deliberate act of third party or by negligent maintenance of navigational aids

Limitation

• No separate limitation fund (unlike CLC)
• Subject to limitation laws applicable in jurisdiction where claim brought
• Insurer can limit to amount calculated under LLMC 1976 as amended

Supplementary funding available if claims exceed amount available under Bunkers Convention?

• No (unlike CLC)
  

Geographical scope

• Territorial waters and EEZ

Convention text

• Full text available here