Enforcement of Maritime Claims


Limitation of Liability

24.1 Limitation of liability is an accepted concept generally in the use of corporate personality to limit individual liability. In shipping it has long been accepted that in addition a shipowner or operator may directly limit liability for compensation for damage, loss or injury caused through his acts.1 In English law such limitation now applies to all claims arising from one incident or occurrence (“global” limitation) save where because of the risk of claims for huge compensation (for example, oil pollution or nuclear damage) a special scheme has been created. Within the global regime there is a second level of limitation in respect of carriage of goods and passengers based on an amount per package or weight of cargo or number of passengers.

The rest of this document is only available to i-law.com online subscribers.

If you are already a subscriber, click Log In button.

Copyright © 2024 Maritime Insights & Intelligence Limited. Maritime Insights & Intelligence Limited is registered in England and Wales with company number 13831625 and address 5th Floor, 10 St Bride Street, London, EC4A 4AD, United Kingdom. Lloyd's List Intelligence is a trading name of Maritime Insights & Intelligence Limited.

Lloyd's is the registered trademark of the Society Incorporated by the Lloyd's Act 1871 by the name of Lloyd's.