The Court of Appeal has recently affirmed that a bill of lading holder can recover damages from a shipowner for cargo damage, without any reduction based on payments received under other, unrelated contracts. This decision reinforces the principle that payments stemming from separate sale agreements are regarded as collateral benefits and do not mitigate the original loss caused by the shipowner. 🔍Key Points: - Case Background: A buyer had purchased soybeans which were later damaged in transit. After selling the cargo, the buyer compensated the new owner for the damage and subsequently sought to recover this loss from the shipowner. - Decision: The Court upheld that payments under separate sale agreements are collateral benefits—independent of the loss event—and do not diminish the damages recoverable from the shipowner. The shipowner is thus liable for the full difference between the sound and damaged cargo value, without offset. - Legal Principle: This ruling reinforces that collateral payments or benefits arising from unrelated transactions do not affect the calculation of recoverable damages from the liable party, providing clarity and consistency in commercial dealings. This decision is a notable development for those engaged in cargo claims and commercial shipping, offering clarity on how collateral benefits are treated in maritime law. #MaritimeLaw #CargoClaims #CommercialLaw #ULA #Recoveries
Hello, hope make corporation in further!
Chief Operating Officer at Diamony Enterprises Sal
4moInteresting 👍👍👍