Limitation of Liability in Maritime Claims in Nigeria
The Gravitas Review of Business & Property Law - September 2018 Vol. 9 No. 3
17 Pages Posted: 25 Sep 2019
Date Written: July 16, 2018
In order to protect the maritime industry against crushing claims and overwhelming damages that might be awarded against shipowners, the law provided for the concept of limitation in maritime claims. Limitation of liability is one of the first examples of protectionism in the form of state support for the shipping industry. Its retention in present-day is justified not so much by its history but rather for the purpose of providing the shipowner with calculable risk before embarking on a trading Journey.
Keywords: Limitation, Liability, Maritime Claim, Maritime Law, Nigeria
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