Does limitation of claims for costs in respect of refloating operations require a wreck removal fund?
June 2018
Case note by Olivier Böhmer and Nol van Hal, published in the International Journal of Maritime Law, regarding the decisions of the Dutch Supreme Court in the cases of The Riad/The Wisdom and The Margreta/The Sichem Anne. In both cases the Dutch Supreme Court ruled that a wreck removal fund must be formed according to Dutch law in order to limit liability for recourse claims in respect of raising and removal of vessels and their cargo.
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