BROWN BOVERI (AUSTRALIA) PTY LTD. v. BALTIC SHIPPING CO. (THE “NADEZHDA KRUPSKAYA”)

[1989] 1 Lloyd's Rep. 518

AUSTRALIASUPREME COURT OF NEW SOUTHWALESCOURT OF APPEAL

Before Kirby, P., Hope and McHugh JJ.A.

Bill of lading - Limitation of liability - Gold clause - Damage to cargo - Hague Rules incorporated into bill of lading - Liability under Hague Rules limited to $100 per package or unit - Whether $100 meant $100 sterling gold value - Whether respondents entitled to damages equivalent to gold value expressed in sterling and converted to Australian dollars - Hague Rules, art. IV, r. 5, art. IX - Australia