Limitations of Liability

Limitations of liability in maritime casualty refer to legal restrictions on the amount a shipowner or operator must pay for damages resulting from accidents at sea. These rules aim to protect shipowners from facing unlimited financial claims, thus ensuring they can continue operating. The limits are often based on the size and type of vessel, and they can prevent victims from receiving full compensation for their losses. This balance seeks to promote maritime commerce while providing some measure of protection to shipowners and encouraging responsible maritime practices.