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Read Article 4.5 of the MHVR, Mo [3.126] - [3.132] and El Greco case extract, According to Art 4.5 (a), in what circumstances will a

Read Article 4.5 of the MHVR, Mo [3.126] - [3.132] and El Greco case extract,

  1. According to Art 4.5 (a), in what circumstances will a shipper or consignee be entitled to the full
  2. value of a lost or damaged cargo?
  3. A "unit of account" as referred to in Article 4 (5) (a), is a special drawing right. Explain what an SDR is.
  4. Using XE currency converter (http://www.xe.com/currencyconverter/), what is one SDR currently worth in AUD. (hint: SDR currency abbreviation is XDR)
  5. What is meant by a "package or unit" as referred to in Article 4(5)?
  6. If the Bill of Lading noted that receipt of "1 container containing 200 cartons" what would the number of packages or units be for the purposes of calculating a limit under Art 4.5 (a)? How does El Greco help you answer this question? Does article 4.5 (c) make a difference to your answer?

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