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Is there a limit on the number of SDR for cargo?
Increased limit of 19 SDR effective as from 1 January 2010 IATA/FIATA Standard AWB: 17 SDR IATA Conditions of Carriage (Cargo) subject to amendment by IATA Cargo Services Conf. IATA Conf. met in April 2010 and approved new IATA AWB with effect from 1 July 2010. INCREASE IN LIABILITY LIMIT AND THE NEW AWB
How much money is carried by air cargo?
Some facts about air cargo: $ 50 billion per year business 35% of the value of all goods traded internationally is carried by air cargo traditional annual growth of 7% worldwide, dampened by financial crisis fallout to ca. 5% 96 mio. tonnes in 2013, forecast to grow by 2050 to 400 mio. tonnes highest growth in Asia- Pacific region INTRODUCTION
Who is liable for loss and damage of air cargo?
AIR CARRIER LIABILITY FOR LOSS OR DAMAGE TO CARGO Art. 22 MC: Limitation of liability –17 SDR per kg, increased in 2010 to 19 SDR Breaking the limit possible under MC: –Consignor declaration of value, Art. 22 (3) MC –Carrier stipulation of higher limit, Art. 25 MC –Carrier waiver of limit, Art. 25 MC
Last Update: Oct 2021
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