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

See all articles by Oluseye Opasanya

Oluseye Opasanya

affiliation not provided to SSRN

Yusuf Ganikale

Olaniwun Ajayi LP

Date Written: July 16, 2018

Abstract

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

Suggested Citation

Opasanya, Oluseye and Ganikale, Yusuf, Limitation of Liability in Maritime Claims in Nigeria (July 16, 2018). The Gravitas Review of Business & Property Law - September 2018 Vol. 9 No. 3. Available at SSRN: https://ssrn.com/abstract=3454554

Oluseye Opasanya

affiliation not provided to SSRN

Yusuf Ganikale (Contact Author)

Olaniwun Ajayi LP ( email )

The Adunola, Plot L2, 401 Close
Banana Island, Ikoyi
Lagos, 101233
Nigeria

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