Liability
Liability in maritime context refers to the legal responsibility of a person or entity for any loss, damage, injury, or death caused to another person or entity as a result of their actions or omissions. This can include liability for collisions, pollution, cargo damage, personal injury, and other incidents that may occur at sea. Liability can be imposed on shipowners, operators, charterers, cargo owners, and other parties involved in maritime activities. Liability can be limited or excluded by international conventions, national laws, and contractual agreements, but it cannot be completely avoided. Liability insurance is a common way to manage and transfer the risk of liability in the maritime industry.
Your Previous Searches
Random Picks
- Proved Reserves: Proved reserves are the estimated quantities of oil, gas, and other hydrocarbons that geological and engineering data demonstrate with reasonable certainty to be recoverable in future years from known reservoirs under existing economic and ... Read More >>
- Limber Hole: A limber hole is a small opening or channel in the floor of a ship's bilge that allows water to flow towards the pumps and be removed from the ship. These holes are strategically placed throughout the ship to ensure that water can be effici ... Read More >>
- Pack Ice: Pack ice refers to a large area of floating ice in the ocean that is made up of many separate pieces of ice that have been pushed together by wind and currents. It is also known as ice floe or sea ice. Pack ice can be found in both polar re ... Read More >>
Top News
They’ve sailed across Southeast Asia for centuries. Now, these sea nomads are ...
The Bajau Laut have traditionally lived semi-nomadic lives on the ocean, but climate change and overfishing are driving them onto land, making them......
News Source: CNN on 2024-11-22
Exclusive: Arcade, visual storytelling platform, raises $14 million Series A led...
Arcade raised a $14 million Series A, led by Kleiner Perkins, Fortune can exclusively report....
News Source: Fortune on 2024-11-21
Adani Group shares plunge by double digits after U.S. accuses Indian billionaire...
Shares in Adani Enterprises, the group's flagship company, fell by over 20%, helping erase an estimated $15 billion from Gautam Adani's net worth....
News Source: Fortune on 2024-11-21
Southeast Asian defense chiefs discuss regional security with US, China and othe...
Southeast Asian defense chiefs are meeting with China, the United States and other partner nations in Laos for security talks, which come as Beijing’s increasingly assertive stance in its claim to m...
News Source: ABC News on 2024-11-21
US ‘Secret War’ remembered as Secretary of Defense Lloyd Austin visits Laos...
Al Jazeera looks back at the most devastating period in Laos's history, when the US waged a years-long 'Secret War'....
News Source: Al Jazeera English on 2024-11-21