IMO Treaty on Hazardous Cargo Set to Enter Force in 2027, Enhancing Global Shipping Liability
The International Maritime Organization (IMO) has announced that the International Convention on Liability and Compensation for Damage in Connection with the Carriage of Hazardous and Noxious Substances by Sea (2010 HNS Convention) will enter into force on November 29, 2027. This treaty aims to close gaps in the international liability and compensation regime for shipping, particularly as the volume of chemicals and alternative fuels transported by sea increases. The treaty covers incidents involving over 2,000 hazardous substances, including chemicals, oils, acids, fertilizers, alcohols, LNG, and LPG. Shipowners will be held strictly liable for damages and required to maintain insurance or financial security. An HNS Fund will provide additional compensation once shipowner liability is exhausted, financed by contributions from receivers of HNS cargo in contracting states.