What is the scope of liability for property damage under Admiralty Law?

Under Admiralty Law, owners and operators of maritime vessels are liable for property damage caused by their vessels, regardless of negligence or fault. In South Carolina, the tort of negligence is subject to the South Carolina Maritime Torts Act, which provides a limitation of liability for owners of vessels that operate in navigable waters (including lakes, rivers, and other waterways). The law states that owners of vessels are only liable for the value of the lost or damaged property, plus any consequential damages, but no more than $500,000 for each incident. This limitation is regardless of the number of claimants, owners, operators, or survivors of any property that has been damaged or destroyed. In addition, the Act states that there is no punitive damages or costs associated with the loss or damage of the property. The limitation of liability provided under the Maritime Torts Act only applies to property damage, and does not apply to other claims such as personal injury, wrongful death, or environmental damages. Furthermore, owners or operators that have caused property damage through a negligent act or a failure to adhere to maritime regulations can still be held liable for the damages. In summary, Admiralty Law provides a limitation of liability for property damages caused by maritime vessels, up to a maximum of $500,000 per incident. The limitation does not apply to other types of claims, and owners or operators may still be liable for damages caused through negligence.

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What is the scope of liability for property damage under Admiralty Law?

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