Expeditors Newsflash

ICAO Increasing International Air Liability Limits

Posted by Timothy Miller on 11/21/24 5:00 PM

In a press release published on October 18, 2024, the International Civil Aviation Organization (ICAO) announced that the Montreal Convention liability limits for international air cargo are increasing.

These liability limits are reviewed and adjusted every five years. The limit for “destruction, loss, damage, or delay of cargo” will increase from 22 Special Drawing Rights (SDR) to 26 SDR per kilogram, which is about US$35 per kilogram.

The increase to the liability limits for air cargo will go into effect on December 28, 2024.

More information and a full list of revisions can be found here:
https://www.icao.int/Newsroom/Pages/International-air-travel-liability-limits-set-to-increase,-enhancing-customer-compensation--.aspx

The International Monetary Fund SDR exchange rate index can be found here:
https://www.imf.org/external/np/fin/data/rms_five.aspx#cvsdr

Topics: Air Cargo, ICAO

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