Thorco limitation ruling leaves Limnos out

In Trafigura Pte Ltd v TKK Shipping Ltd, the High Court considered  the calculation of the limitation sum under Hague Visby Rules when both physical damage and economic loss have been incurred to the cargo. The Court declined to follow the previous position as set out in The Limnos (2008). Deven Choudhary, Legal Manager, summarises the case.

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Deven Choudhary 
Legal Manager