Sweden to ratify HNS Convention18.06.18, Industry Policy
The Swedish Government has proposed to ratify the 2010 Protocol to the International Convention on Liability and Compensation Damage in Connection with the Carriage of Hazardous and Noxious Substances by Sea, 1996 (2010 HNS Convention).
If the bill passes Parliament, Sweden will join the three countries that thus far have ratified the treaty: Norway, Canada and Turkey. Entry into force of the 2010 HNS Convention requires accession by at least 12 states, and a minimum total quantity of at least USD 40 million tonnes of HNS contributing cargo.
The Convention introduces a two-tier system for compensation to be paid in the event of accidents involving hazardous and noxious substances at sea. Tier one will be covered by compulsory insurance taken out by shipowners, who will be able to limit their liability. For the second tier, to be used if insurance does not cover the incident or the claim is above the liability limit under tier one, compensation will be paid out from a Fund made up of contributions from receivers of HNS.
The 2010 Protocol addresses some practical problems that prevented many States from ratifying the original Convention.
More information about the Convention is available from the IOPC Funds webpage.
Cefor supports the introduction of an international liability regime for HNS.