Monday, January 24, 2011
Spain Becomes First State to Ratify UN Convention on Contracts for the International Carriage of Goods Wholly or Partly by Sea
The UNCITRAL Secretariat announced today that Spain has become the first State to ratify the United Nations Convention on Contracts for the International Carriage of Goods Wholly or Partly by Sea, otherwise known as the Rotterdam Rules. The Convention is intended to establish a uniform and modern global legal regime to govern the rights and obligations of parties to door-to-door contracts for international shipments. It will likely replace some of the older sets of rules, such as the Hague or Hague-Visby Rules. The Rotterdam Rules were adopted by the UN General Assembly in 2008 and the Convention was opened for signature in September 2009. There are currently 23 signatories. Twenty States must ratify the Convention before it will take effect. Further information about the Rotterdam Rules is available on the UNCITRAL website.