A Ship in Port is Safe...
Article from: OGEL 1 (2006), in Liquefied Natural Gas (LNG)
Introduction
"When I lost my rifle, the Army charged me 85 dollars. That is why in the Navy the Captain goes down with the ship"[1]. Indeed, given the inherent perils of the sea, losses resulting from maritime casualties can lead to substantial liabilities. Since the middle 1700s, vessel owners have lobbied successfully to limit their liability to third parties for damages to property and for injuries to and death of individuals. Consequently, several regimes for limiting liability of shipowners (and, in some cases, charterers, operators, salvors and insurers) have been developed -- some through ...