Chartering - LLMC Liability Cap
Limit of Liability for Maritime Claims (LLMC) - SDR-based cap on non-personal-injury + personal-injury claims.
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Formula, assumptions, and limits
| Symbol | Meaning | Unit |
|---|---|---|
| Special Drawing Right | SDR | |
| Gross Tonnage |
Source: LLMC 1976 as amended by 1996 Protocol
In short
Limit of Liability for Maritime Claims (LLMC) - SDR-based cap on non-personal-injury + personal-injury claims.