A recent report from the Permanent Norwegian Law Commission for Maritime Matters has recommended that Norway ratifies the HNS Convention 1996. insurers. insolvent. Gjelsten, newly-appointed partner at Oslo-based law firm Wikborg Rein. those under the 1976 Limitation Convention as amended by the 1996 Protocol. property damage. limitation amount of approximately $95,700,000," explains Gjelsten. shipowners and their liability insurers. limitation amounts for shipowners and their insurers. financed by the receivers of HNS cargo through a tax payable to the fund.