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ESTA LATER CHARTERS, INC. v. IGNACIO

Nos. 88-2728, 88-2730.

875 F.2d 234 (1989)

IN the Matter of ESTA LATER CHARTERS, INC., a former owner of the Kadena de Amor, for Exoneration from or Limitation of Liability, and Fireman's Fund Insurance Co., Petitioners-Appellants, v. James IGNACIO, Jr. and Steven Charfauros Manley, Claimants-Appellees.

United States Court of Appeals, Ninth Circuit.

Decided May 17, 1989.

Attorney(s) appearing for the Case

David A. Mair, Mair, Mair, Hogan & Spade, Daniel R. Del Priore, Agana, Guam, for petitioners-appellants.

Margaret E. Bean, McCully, Swavely & Lannen, Robert L. Keogh, Keogh & Butler, Agana, Guam, for claimants-appellees.

Before BROWNING, BEEZER and KOZINSKI, Circuit Judges.

KOZINSKI, Circuit Judge:

Shortly after the close of the middle ages, many European seafaring nations developed a rule of maritime law that limited a shipowner's liability to the value of the vessel and its cargo.1 The rule was first adopted in the United States in the Limitation of Liability Act of 1851, Act of March 3, 1851, 9 Stat. 635, codified at R.S. § 4283 et seq., and has remained...

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