After months of discussions, the WSC, which represents a coalition of ocean carriers, and the NIT League, the nation's largest shipper association, found common ground in a U.S. Senate working draft of a 1999 proposal by the U.S. Maritime Law Association to revise the 1936 Carriage of Goods By Sea Act (COGSA).
Ironically, their cooperation almost guarantees the proposed COGSA revision is defunct politically as domestic legislation. Christopher Koch, president of the World Shipping Council, told AS+ the push now is for the NIT League and the WSC to help shape an international regime for cargo liability through UNCITRAL and the Comite Maritime International (CMI).
To that end, the WSC has taken the considerable risk of supporting the elimination of the current COGSA exemption for errors in navigation or management of a vessel, which many ocean carriers want to retain.
The “common set of positions” also includes setting Hague-Visby liability limits for lost or damaged cargo that would be higher than the $500-per-package limitation found in COGSA. The new limits would be in the range of $800 to $1,100 per package.
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now