Under the Convention on Limitation of Liability for Maritime Claims 1976, shipowners may limit their liability in maritime claims by establishing a limitation fund. From 1 February 2018, Singapore’s Rules of Court have been amended to allow a person seeking relief in a limitation action to constitute a limitation fund either by making payment into Court under an order of the Court, or by producing a LOU from a P&I Club acceptable to the Court.
When the vessel arrived at the discharge port, approximately a quarter of the cargo was found damaged. The Charterer brought a claim against the Owner under the charterparty in order to recover its losses of US$367,836. The Owner accepted liability in principle, but sought to limit its liability.
The UK P&I Club has issued a new legal briefing to provide a quick overview of ship arrest in some popular jurisdictionsand sets out why they are potentially advantageous.
The Standard P&I Club has issued an article to provide general guidance on when a master is entitled to refuse a damaged cargo. A master’s authority to clause bills of lading issued by or on his behalf can sometimes become the cause of disagreement between shippers, charterers and carriers.
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