What are the three main principles of LLMC 1976 and its linkage with other IMO liability conventions?

flowchart TD
    A["Defined class of persons may limit for defined claims"] --> B["Limitation nearly unbreakable"]
    B --> C["One limit per distinct occasion, calculated on tonnage"]
    C --> D["Fund secured by deposit or guarantee"]
    D --> E["CLC 1992: excepts oil pollution damage"]
    E --> F["Bunker Convention 2001: depends on LLMC for limitation"]

• Trap: Limitation is lost only for personal act/omission with intent or recklessness.
• LLMC applies to shipowners, salvors, and their insurers for most maritime claims.
• Limits are in SDR, based on gross tonnage, with separate amounts for loss of life/injury and other claims.
• CLC 1992 and Bunker Convention 2001 have distinct linkages: CLC excludes oil pollution, Bunker depends on LLMC.
• Current limits for ships up to 2,000 GT: 3,020,000 SDR (life/injury), 1,510,000 SDR (other claims).