Baltimore Bridge Crash: Owner, Manager of Ship Seek to Limit Liability
The companies want to cap their liability at $43.7 million by invoking a 19th-century maritime law previously used by the Titanic's owner.
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The companies want to cap their liability at $43.7 million by invoking a 19th-century maritime law previously used by the Titanic's owner.
Maritime law experts said Grace Ocean Private Ltd will almost certainly try to limit its liability in lawsuits expected to arise from the disaster.
Lloyd's of London expects that the payout for the Baltimore bridge strike will be exceptionally expensive, and it may even be the "largest ever ma...
The owner of the ship that rammed into a Baltimore bridge could face hundreds of millions of dollars in damage claims.
Lloyd's of London expects that the payout for the Baltimore bridge strike will be exceptionally expensive, and it may even be the "largest ever ma...