In maritime law, vessel owners are afforded a unique legal protection that allows them to limit their liability in certain circumstances. This right is encapsulated in 46 U.S.C. § 30501, a provision of the United States Code that specifically addresses the limitation of liability for vessel owners in the event of maritime accidents, damages, or injuries, reports UK P&I.
The statute aims to provide a legal mechanism to help shield owners from unlimited financial exposure in the face of unforeseen...
https://mfame.guru/understanding-liability-in-us-maritime-law-under-46-u-s-c-§-30501/