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The Carriage of Goods by Sea Act COGSA is a 1936 United States statute governing the acts that a carrier is responsible for and defines the terms used in shipping. It says about the rights and responsibilities between shippers of cargo and ship-owners regarding ocean shipments to and from the United States. It is the U.S. enactment of the International Convention Regarding Bills of Lading, commonly known as the "Hague Rules". The Act amended the Hague Rules in a number of minor, but important, ways. It provides that the ship owner’s liability will be limited to $500 per shipping package, and it stipulates a one-year time limit for filing suit against the carrier.