Kadir
New member
What is the Titanic rule?
What is the Titanic Law? The Limitation of Liability Act of 1851[1] is a United States federal law that allows the owner of a vessel involved in an accident to limit damage claims to the value of the vessel plus its freight, as long as the owner can prove it lacked knowledge of the problem beforehand.
What is the Titanic Law? The Limitation of Liability Act of 1851[1] is a United States federal law that allows the owner of a vessel involved in an accident to limit damage claims to the value of the vessel plus its freight, as long as the owner can prove it lacked knowledge of the problem beforehand.