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Paramount Clause - Convertion of the limitation sum of the carrier's liability into money of payment : [case review]
Viktorija Lovrić
Abstract
When the parties contracted ''Paramount clause'' and it is required to fix the limit of carrier's liability in respect of loss of cargo, the gold value of 100 pounds sterling should be established according to the Coinage Act, 1870.
The limitation sum of 100 pounds sterling (in gold value) is defined by the Coinage Act as being 798,805 grammes of gold of a millesimal fineness 916,66 which corresponds to 732,238 grammes of fine gold.
Keywords
case review; carriage of goods by sea; carrier's liability; Coinage Act (1870); Paramount Clause; loss of cargo
Hrčak ID:
201442
URI
Publication date:
14.5.1997.
Visits: 609 *