IATA announced that liability limits will be increased from SDR22 to SDR26
IATA has issued an important announcement to the members of the Cargo Services Conference (CSC) regarding a revision of liability limits under the Montreal Convention 1999. The International Civil Aviation Organization (ICAO) has reviewed and approved an increase in the liability limits from SDR22 to SDR26.
This revision will take effect on 28 December 2024 unless a majority of ICAO members submit objections by 30 September 2024. If no objections are raised, CSC Resolution 600b will be updated to reflect the new liability limit in December 2024.
📌 Action Points:
- Note the revised limits.
- Adjust relevant legislation to accommodate these changes once effective.
This development is crucial for the air cargo industry, and IATA members and partners are encouraged to stay informed and take necessary actions. ✈️📦