46 U.S.C. § 30505 General Limit of Liability

• Library: United States Statutes
• Edition: 2012
• Currency: Current through P.L. 112-90
• Year: 2012
• Citation: 46 U.S.C. § 30505

(a) IN GENERAL.-Except as provided in section 30506 of this title, the liability of the owner of a vessel for any claim, debt, or liability described in subsection (b) shall not exceed the value of the vessel and pending freight. If the vessel has more than one owner, the proportionate share of the liability of any one owner shall not exceed that owner's proportionate interest in the vessel and pending freight.

(b) CLAIMS SUBJECT TO LIMITATION.-Unless otherwise excluded by law, claims, debts, and liabilities subject to limitation under subsection (a) are those arising from any embezzlement, loss, or destruction of any property, goods, or merchandise shipped or put on board the vessel, any loss, damage, or injury by collision, or any act, matter, or thing, loss, damage, or forfeiture, done, occasioned, or incurred, without the privity or knowledge of the owner.

(c) WAGES.-Subsection (a) does not apply to a claim for wages.

Cite as 46 U.S.C. § 30505

Source: Pub. L. 109-304, §6(c), Oct. 6, 2006, 120 Stat. 1513.

Notes from the Office of Law Revision Counsel

current through 3/2/2023

<TABLE> <TR><TD colspan="3">HISTORICAL AND REVISION NOTES</TD> </TR> <TR> <TD>Revised <para>Section</para> </TD> <TD>Source (U.S. Code)</TD> <TD>Source (Statutes at Large)</TD> </TR> <TR> <TD>30505</TD> <TD>46 App.:183(a).</TD> <TD>R.S. §4283(a); Aug. 29, 1935, ch. 804, §1, 49 Stat. 960; June 5, 1936, ch. 521, §1, 49 Stat. 1479.</TD> </TR> <TR> <TD> </TD> <TD>46 App.:189</TD> <TD>June 26, 1884, ch. 121, §18, 23 Stat. 57.</TD> </TR> </TABLE>