Dali Ship owner, Grace Ocean Private, Seeks Exoneration in Boston Harbor Tragedy
Dali Ship owner, Grace Ocean Private, Seeks Exoneration in Boston Harbor Tragedy
In the Matter of the Petition of Grace Ocean Private Limited et al for Exoneration from or Limitation of Liability
If New York and the Federal Government continue to say WE will rebuild it, then they will, at the taxpayers dime. The insurance carrier of Grace Ocean Private should be the one footing the bill.
On April 1, 2024, Grace Ocean Private Limited and Synergy Marine Pte Ltd., as owner and manager of the M/V DALI, filed a Petition for Exoneration from or Limitation of Liability in this Court. Petitioners also filed a Motion to Accept Interim Stipulation for Value and Stipulation for Costs and for the Entry of Restraining Order and Order for Issuance of Notice.
What does Exoneration from Liability mean? Just what it sounds like!
Exoneration from and limitation of liability are legal concepts that come up most often in the context of maritime law, specifically with ship owners and maritime disasters. Here's a breakdown of the two:
Exoneration from Liability:
- This means the ship owner is claiming they are not responsible (liable) for any damages or losses at all.
- They would argue that the incident occurred due to factors entirely out of their control.
Limitation of Liability:
- This applies if the ship owner is found partially liable.
- They can argue to limit the amount of damages they have to pay to a specific amount.
Here are some additional points to consider:
- There are legal requirements a ship owner needs to meet to be granted exoneration or limitation of liability.
- These concepts are most relevant in situations with multiple claimants, like a major accident with several injured parties.
- The specific laws and limitations will vary depending on the jurisdiction.
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