Limitation of Liability for Maritime Claims

Limitation of liability for maritime claims means that ship owners or operators are only responsible up to a certain amount for damages or injuries that occur during shipping operations. This legal cap protects them from unlimited financial loss if something goes wrong, such as an accident or cargo damage. The goal is to balance fair compensation for victims with the practical realities of running maritime businesses. However, this limit may not apply if the damage results from negligence, willful misconduct, or unlawful acts, ensuring accountability in serious cases.