Owner of ship that destroyed Key Bridge files limitation of liability action in federal court - Maryland Daily Record
thedailyrecord.com
The owner of the ship that toppled Baltimore’s Francis Scott Key Bridge appears to be seeking to cap the amount of damages that the company can be forced to pay following the deadly crash.
The Singapore-based Grace Ocean Private Ltd. indicated it will file a “limitation of liability” action in federal court Monday, invoking a little-known statute used in maritime law.
The filing itself is not yet available, but a docket in U.S. District Court in Maryland showed the company has initiated an action involving limitation of liability, a key move that maritime lawyers saidwould be likely to take place soon after the disaster.
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That's what insurance is supposed to be for, assuming they had it. Getting the insurance company to actually pay out, that's a different story entirely.