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Class 1 Exam Q&A : 2013/JUL/09 – 2011/DEC/01 – 2012/MAR/06 – 2012/JAN/05 – 2018/AUG/09 – 2014/MAR/08 – 2015/JAN/05 – 2015/JUN/02 – 2013/FEB/09 – 2015/SEP/05 – 2015/DEC/07 – 2016/AUG/03 – 2016/NOV/03
Question
Q1. Differentiate between third party liability and contractual liability. When may the shipowner seek to limit his ability? List the persons entitled to limit liability and claims entrusted.