Tag Archives: Letter of Undertaking

Court rules that English law does not allow constitution of a Limitation Fund by P&I Club LOU

In Cosmotrade SA v Kairos Shipping Ltd and others [2013] EWHC 1904 (Comm), the Commercial Court considered the question of whether English law allows a Limitation Fund to be constituted by way of a P&I Club Letter of Undertaking. The Convention on Limitation of Liability for Maritime Claims 1976 (LLMC 1976) allows owners to limit … Continue Reading
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