Tag

Liability Limitation

All articles tagged with #liability limitation

legal-news1 year ago•2 min saved

"Baltimore Bridge Collapse: Legal Battles, Survivors, and Investigations"

Attorneys representing victims of the Baltimore bridge collapse are preparing to battle Grace Ocean Private Limited, the owner of the ship involved, as it seeks to limit its liability using historic maritime law, similar to the legal battle faced by businesses in the Pensacola area against Skanska USA. The Limitation Liability Act of 1851, used by the owner of the Titanic, is being invoked to restrict potential payouts, drawing criticism from attorneys. The legal maneuvering in Baltimore mirrors the experiences of businesses in Pensacola, where Skanska USA sought to limit liability and avoid economic damages caused by loose barges during Hurricane Sally.

via WEAR|

#baltimore-bridge-collapse #legal-battle #legal-news

legaltransportation1 year ago•2 min saved

"Baltimore Bridge Collapse: Owner Seeks Liability Limit as First Vessel Bypasses Wreckage"

The Singaporean company that owns the cargo ship involved in the Baltimore bridge collapse has filed a preemptive request in U.S. District Court to limit its liability for the accident, potentially in anticipation of civil lawsuits or a Justice Department civil complaint. The filing seeks to enjoin the commencement of any claims against the company and asks that if liability is determined, it be limited to the value of the vessel and its pending freight. Meanwhile, salvage crews have opened an emergency passageway through the Patapsco River to allow limited vessels to reach the Port of Baltimore.

via CBS Baltimore|

#baltimore #francis-scott-key-bridge #legaltransportation

legaldisaster1 year ago•2 min saved

"Baltimore Bridge Disaster: Legal Liability Limits Sought by Ship Owner and Manager"

The owner and manager of the cargo ship involved in the Baltimore bridge collapse have filed a petition to limit their legal liability to roughly $43.6 million under U.S. maritime law. The estimated insured losses for the disaster could range from $2 billion to $4 billion, potentially making it the most expensive marine insured loss in history. The bridge collapse has resulted in fatalities, with four people still missing and presumed dead. The cost to rebuild the collapsed bridge is estimated to be at least $400 million, and families of the victims may seek compensation for wrongful death damages under maritime law.

via The Associated Press|

#baltimore #bridge-collapse #cargo-ship