SCHEDULESCHEDULE 7 TO THE MERCHANT SHIPPING ACT 1995 AS AMENDED

PART ITEXT OF CONVENTION

CHAPTER II.LIMITS OF LIABILITY

ARTICLE 8Unit of Account

The Unit of Account referred to in Articles 6 and 7 is the special drawing right as defined by the International Monetary Fund. The amounts mentioned in Articles 6 and 7 shall be converted into the national currency of the State in which limitation is sought, according to the value of that currency at the date the limitation fund shall have been constituted, payment is made, or security is given which under the law of that State is equivalent to such payment.