Common use of Liability Ceiling Amount Clause in Contracts

Liability Ceiling Amount. The maximum aggregate liability, if any, of the Operator arising out of a single incident or series of incidents arising from a common cause shall not exceed, in the aggregate, the amount of $750,000. In the case of loss or damage to a Vessel and / or her equipment, the maximum liability of the Operator is $500,000 and in the case of loss or damage to Cargo, the maximum liability of the Operator is $250,000.