SERENA NAVIGATION LTD AND ANOTHER v DERA COMMERCIAL ESTABLISHMENT AND ANOTHER (THE “LIMNOS”

[2008] Lloyd's Rep. Plus 50

QUEEN’S BENCH DIVISION(COMMERCIAL COURT)

Before Mr Justice Burton

Carriage of goods by sea – Limitation of liability – Part of corn cargo sustaining wet-damage and other physical damage – Remaining cargo acquiring reputation as distressed cargo and suffering diminution in value – Whether carrier’s liability limited by reference to weight of physically damaged goods or by reference to weight of entire cargo – Whether “goods lost or damaged” includes economic loss – Hague-Visby Rules, article IV, rule 5(a).