delete The Carriage of Passengers and their Luggage by Sea (United Kingdom Carriers) Order 1998
This Order revokes two prior Orders (1987, 1989) and substitutes a higher liability limit (300,000 units of account) for UK carriers under the Athens Convention (as incorporated in the Merchant Shipping Act 1995), replacing the previous limit of 46,666 units. It applies only to carriers whose principal place of business is in the UK, and does not apply to occurrences before 1 January 1999.
This regulation imposes higher mandatory liability limits exclusively on UK carriers, increasing their operating costs and insurance premiums while foreign competitors face lower limits. This creates a competitive disadvantage for British shipping businesses without corresponding benefit — passengers who value higher coverage can contract for it privately, while those who do not are forced to bear higher costs through higher ticket prices. The regulation also raises barriers to entry for smaller operators who cannot afford the implicit cost increase, reducing competition and consumer choice in the sector.