Admiralty Liability
Barron's Insurance Dictionary:
Top
Admiralty Liability
Maritime acts resulting in a liability circumstance falling under common law and statutory law.
See also jones act (merchant marine act).
See also jones act (merchant marine act).
| Administrator, Administrative Services ONLY(ASO), Administrative Law | |
| Admiralty Proceeding, Admitted Assets, Admitted Company |
Related Videos:
Top
Admiralty Liability
Investopedia Financial Dictionary:
Top
Admiralty Liability
A risk, event or conduct that would run afoul of admiralty (maritime) laws, thereby putting the matter under the jurisdiction of an admiralty court. Most notably, matters subject to admiralty law do not require trial by jury.
Investopedia Says:
Admiralty law is quite complex, and does not necessarily coincide with U.S. law, thereby creating many jurisdictional issues. Common law precedents (such as fair and equitable settlement) do not necessarily apply. Originally developed to encourage shipping commerce, admiralty law has only very recently recognized the rights of crewmen. In the U.S., this was accomplished through the Jones Act, which gives crewmen the right to trial by jury in negligence cases, for example.
Related Links:
The WTO sets the global rules of trade. But what exactly does it do and why do so many oppose it? What Is The World Trade Organization?
Everyone's talking about globalization, but what is it and why do some oppose it? What Is International Trade?
If your plans have been affected by your time in the combat zone, fear not! Benefits for Members of the Armed Forces
Post a question - any question - to the WikiAnswers community:
Copyrights:
Barron's Insurance Dictionary
Dictionary of Insurance Terms. Copyright © 2008 by Barron's Educational Series, Inc. All rights reserved.
Read more
