Dry Bulk Freight Index2,490▼ -1.3%Capesize3,538▼ -2.8%Panamax2,124▲ +0.7%Dirty Tanker Index1,935▲ +1.1%Supramax1,668▼ -0.1%Clean Tanker Index1,280▼ -1.4%Handysize947▲ +0.2%Dry Bulk Freight Index2,490▼ -1.3%Capesize3,538▼ -2.8%Panamax2,124▲ +0.7%Dirty Tanker Index1,935▲ +1.1%Supramax1,668▼ -0.1%Clean Tanker Index1,280▼ -1.4%Handysize947▲ +0.2%Dry Bulk Freight Index2,490▼ -1.3%Capesize3,538▼ -2.8%Panamax2,124▲ +0.7%Dirty Tanker Index1,935▲ +1.1%Supramax1,668▼ -0.1%Clean Tanker Index1,280▼ -1.4%Handysize947▲ +0.2%Dry Bulk Freight Index2,490▼ -1.3%Capesize3,538▼ -2.8%Panamax2,124▲ +0.7%Dirty Tanker Index1,935▲ +1.1%Supramax1,668▼ -0.1%Clean Tanker Index1,280▼ -1.4%Handysize947▲ +0.2%Dry Bulk Freight Index2,490▼ -1.3%Capesize3,538▼ -2.8%Panamax2,124▲ +0.7%Dirty Tanker Index1,935▲ +1.1%Supramax1,668▼ -0.1%Clean Tanker Index1,280▼ -1.4%Handysize947▲ +0.2%Dry Bulk Freight Index2,490▼ -1.3%Capesize3,538▼ -2.8%Panamax2,124▲ +0.7%Dirty Tanker Index1,935▲ +1.1%Supramax1,668▼ -0.1%Clean Tanker Index1,280▼ -1.4%Handysize947▲ +0.2%

Maritime Dictionary

Limitation of Liability

Maritime Law & Regulations

Meaning

Definition

A legal principle in maritime law that allows a shipowner to limit the amount of their financial liability for claims arising from maritime incidents. The Convention on Limitation of Liability for Maritime Claims (LLMC) establishes the limits based on the vessel's tonnage.

Related Terms

Limitation of Liability

Definition

See Also