Encyclopedia
Limitation of Liability Fund
The limitation of liability fund — a limitation of liability fund in accordance with this article on such conditions and value as if the fund had been established by the shipowner. Such a fund may be created even if, pursuant to Article 321 of this Code, the shipowner is not entitled to limit his liability (ceased to be effective from 2019-11-26)1.
Russian Federation Maritime Commerce Code. 1999, as amended on 2001-05-26, Article 322, paragraph 3, ceased to be effective from 2019-11-26. ↩