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

[2008] 2 Lloyd's Rep. 166

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).