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03 AUG 2026 MONDAY
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Update from Greece: Limitless? Not this time! The recently published Greek Supreme Court decision number 1806/2023 reaffirmed shipowners’ right to limit liability under the LLMC 1976 Convention for maritime claims in the event of a collision, in respect of losses arising out of Master’s personal acts or omissions, but not out of shipowners’ personal acts or omissions. Articles Panagiotis Adamos Published: March 05, 2025 Contact author Download article pdf Background On 27 October 2020 the container vessel “Maersk Launceston” (the “Vessel”), while outbound from the port of Piraeus collided with the “Kallisto”, a Greek Navy minehunter. The minehunter was left heavily listing to starboard with its stern torn off and two members of the crew on board the minehunter were injured. On behalf of the Greek Navy the Greek State arrested the Vessel for security in the amount of € 120 million.  Following that, the State filed a lawsuit against the Master and the Owners of the vessel before the Greek courts claiming damages of €75 million. The Owners of the Vessel then applied to limit its liability pursuant to paragraphs 1 and 4 of Article 1 of the 1976 Convention on Limitation of Liability for Maritime Claims 1  (the “Convention”) by filing a petition. Furthermore, the Owners constituted a limitation fund at approximately €33 million by making a public deposit to the Deposits and Loans Fund and establishing a deposit note in favour of the beneficiaries 2 .  Article 1 – Persons entitled to limit liability  Shipowners and salvors, as hereinafter defined, may limit their liability in accordance with the rules of this Convention for claims set out in Article 2. …. …. If any claims set out in Article 2 are made against any person for whose act, neglect or default the shipowner or salvor is responsible, such person shall be entitled to avail himself of the limitation of liability provided for in this Convention. Article 4 of the Convention: What is the conduct tha
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pi_circular Steamship Mutual ·2025-03-05

Update from Greece: Limitless? Not this time!

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