| limitation of liability |
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Limitation of Liability a concept of maritime law where a vessel
owner can attempt to limit money paid to claimants to the
post-accident value of a vessel after a maritime casualty,
provided that the owner did not have notice and involvement in the
factors that led to the accident. This arose in the 2003 Staten
Island Ferry Crash also.
owner can attempt to limit money paid to claimants to the
post-accident value of a vessel after a maritime casualty,
provided that the owner did not have notice and involvement in the
factors that led to the accident. This arose in the 2003 Staten
Island Ferry Crash also.
Limitation of liability
was raised in the
sinking of the RMS
Titanic in April of
1912.
was raised in the
sinking of the RMS
Titanic in April of
1912.
Some historians
believe this is
the iceberg
responsible for
the sinking.
believe this is
the iceberg
responsible for
the sinking.