(1) The compensation payable in accordance with sections 429 and 430 for loss of or damage is limited to an amount of 8.33 units of account for each kilogram of gross weight of the goods.
(2) If the goods consist of several packages (consignment) and if only individual packages have been lost or damaged, the computation in subsection (1) is to be based
1. on the whole consignment, if the whole consignment has lost its value, or
2. on the part of the consignment that has lost its value, if only a part of the consignment has lost its value.
(3) The liability of the carrier for non-compliance with the delivery period is limited to an amount equal to three times the freight.
(4) The unit of account referred to in subsections (1) and (2) is the Special Drawing Right of the International Monetary Fund. The amount is converted into euros according to the value of the euro, in terms of the Special Drawing Right, on the day on which the goods were accepted for carriage, or on the date agreed by the parties. The value of the euro, in terms of the Special Drawing Right, is calculated according to the method of evaluation applied by the International Monetary Fund for its operations and transactions on the day in question.