International Convention on Hazardous Cargo Liability Set to Impact Shipping Industry
The International Convention on Liability and Compensation for Damage in Connection with the Carriage of Hazardous and Noxious Substances by Sea, known as the 2010 HNS Convention, is poised to enter into force. This treaty introduces a new liability framework for shipping companies and industries handling hazardous cargo. Recently ratified by Belgium, Germany, the Netherlands, and Sweden, the convention requires at least 12 states to consent, with four having a minimum of 2 million units of gross tonnage. The treaty will become effective 18 months after the contracting parties receive at least 40 million tonnes of HNS cargo in a calendar year. The convention covers a wide range of hazardous materials, including oil, liquefied gases, and dangerous liquids, and mandates that shipping companies bear liability for damages, including pollution, fire, explosion, and personal injury. 
