limited liability of shipowner

See limited liability acts.

Ballentine's law dictionary. . 1998.

Look at other dictionaries:

  • limited liability acts — Statutes which restrict liability to a less amount than the common law would allow. Federal statutes limiting the liability of a shipowner for loss, damage, or injury, enacted for the purpose of encouraging the investment of capital in the… …   Ballentine's law dictionary

  • limited liability — noun Date: 1848 liability (as of a stockholder or shipowner) limited by statute or treaty …   New Collegiate Dictionary

  • limitation of liability — A limitation upon a liability otherwise contracted or assumed by entering into a particular relationship, the most common of which is found in contracts of bailment, limiting the liability of the bailee, 8 Am J2d Bailm § 132, such as a carrier,… …   Ballentine's law dictionary

  • maritime law — the body of law relating to maritime commerce and navigation, and to maritime matters generally. [1860 65] * * * or admiralty law or admiralty Body of legal rules that governs ships and shipping. One early compilation of maritime regulations is… …   Universalium

  • commercial transaction — ▪ economics Introduction       in law, the core of the legal rules governing business dealings. The most common types of commercial transactions, involving such specialized areas of the law and legal instruments as sale of goods and documents of… …   Universalium

  • Protection and indemnity insurance — Protection and indemnity insurance, commonly known as P I, is a form of marine insurance provided by a P I Club. A P I Club is a mutual (i.e. co operative) insurance association that provides cover for its members, who will typically be ship… …   Wikipedia

  • United States admiralty law — (also referred to as maritime law) is the body of law that governs maritime matters in the United States. Article III, Section 2 of the United States Constitution grants original jurisdiction to U.S. federal courts over admiralty and maritime… …   Wikipedia

  • Marine insurance — Admiralty law History …   Wikipedia

  • Admiralty law — Hi …   Wikipedia

  • carriage of goods — ▪ law Introduction       in law, the transportation of goods by land, sea, or air. The relevant law governs the rights, responsibilities, liabilities, and immunities of the carrier and of the persons employing the services of the carrier.… …   Universalium

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