Bahamas Oil Refining Company International Ltd v The Owners of the Cape Bari Tankschiffahrts GMBH & Co KG (Bahamas) [2016]
Bahamas Oil Refining Company International Ltd v The Owners of the Cape Bari Tankschiffahrts GMBH & Co KG (Bahamas) [2016] UKPC 20 - 19 July 2016 (Lords Neuberger, Mance, Clarke, Sumption and Toulson)
“It was held that owners of a vessel can, by agreement, waive their statutory right of tonnage limitation (under the Convention on Limitation of Liability for Maritime Claims 1976) as long as the provision relied upon makes it clear that that is their intention.”
Vasilis Bikakis
E. G. Arghyrakis & Co.
24th August 2016