Common use of Limit Liability Clause in Contracts

Limit Liability. Neither party shall be liable (whether under this Agreement or otherwise in connection with it) for any loss of profit, cost of wasted overheads, loss of revenue, hedging losses, derivative losses, loss resulting from shut-down of plant, loss of contract, loss of use or business interruption, or for any liability for consequential demurrage or other losses incurred by other vessels that were caused by, or affected by, delays to the subject vessel, whether or not foreseeable and in all cases however caused, including negligence. In addition, neither party shall be liable (whether under this Agreement or otherwise in connection with it) in contract, tort, breach of statutory duty or otherwise, in respect of any indirect or consequential loss or expense. The provisions of this clause shall continue to apply notwithstanding the termination or expiry of this Agreement for any reason whatsoever.

Limit Liability. Neither party shall be liable (whether under this Agreement or otherwise in connection with it) for any loss of profit, cost of wasted overheads, loss of revenue, hedging losses, derivative losses, loss resulting from shut-down of plant, loss of contract, loss of use or business interruption, or for any liability for consequential demurrage or other losses incurred by other vessels that were caused by, or affected by, delays to the subject vessel, whether or not foreseeable and in all cases however caused, including negligence. .. In addition, neither party shall be liable (whether under this Agreement or otherwise in connection with it) in contract, tort, breach of statutory duty or otherwise, in respect of any indirect or consequential loss or expense. The provisions of this clause shall continue to apply notwithstanding the termination or expiry of this Agreement for any reason whatsoever.