LIMITATION OF LIABILITY—PROPERTY DAMAGE, LOSS OF LIFE AND PERSONAL INJURY

The Israeli law dealing with limitation of liability of ship owners is the Shipping (Limitation of Liability of Owners of Vessels) Law, 5725-1965 (hereinafter: the “Law”). The Law incorporates the 1957 Convention relating to the Limitation of Liability of Owners of Sea-Going Ships and Protocol of Signature (hereinafter: “the 1957 Convention”). The Law also incorporates the Protocol amending the International Convention relating to the Limitation of Liability of Owners of Sea-going Ships of 10 October 1957, signed in Brussels 21 December 1979 (hereinafter: “the 1979 Protocol”).