Hague Rules
C1. Commercial shipping, chartering, economics and financeDefinition
1924 international convention on carrier liability under bills of lading.
The Hague Rules are the 1924 International Convention for the Unification of Certain Rules of Law relating to Bills of Lading, the first international regime governing a sea carrier’s liability for cargo. Drafted by the CMI, they set the carrier’s duty to exercise due diligence to make the ship seaworthy and to care for the cargo, against a list of seventeen defenses in Article IV, including the contentious nautical-fault exception. They cap liability at 100 pounds sterling per package or unit. The Hague-Visby Rules amended them in 1968, and the Hamburg Rules offered a competing 1978 regime that shifted the balance toward cargo.
Source: International Convention for the Unification of Certain Rules of Law relating to Bills of Lading 1924 (Hague Rules)