DAIRY CONTAINERS LIMITED v. TASMAN ORIENT LINE C.V. THE “TASMAN DISCOVERER”

[2004] 2 Lloyd's Rep. 647

PRIVY COUNCIL

Before Lord Bingham of Cornhill, Lord Hoffmann, Lord Phillips of Worth Matravers, Lord Carswell and Dame Sian Elias

Bill of lading - Limitation of liability - Damage to cargo - Bill of lading provided that carrier’s liability should be limited by reference to Hague Rules and that carrier’s liability under Hague Rules should be deemed to be £100 Sterling per package or unit - Whether limitation to be assessed by reference to current value of quantity of gold equivalent to £100 sterling in 1924 or to £100 sterling in ordinary currency.