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You are here: Home / glossary / Limited Liability

Limited Liability

Limited Liability

Created OnFebruary 8, 2018
byCapt. Angad S Cheema
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The law that permits a shipowner to restrict his liability to the value of this vessel after the accident plus the earnings for the voyage.

Related:

  • Arrived ship
  • COA (Contract of Affreightment)
  • Ballast bonus (BB)
  • Act of God
  • Constructive Total Loss
  • Cancelling date or Laycan

By Capt. Angad S Cheema

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