Key Points
(Bloomberg) -- The owner of the ship that rammed into a bridge in Baltimore last week, killing six workers and throwing the eastern US transportation network into chaos, is seeking to limit its liability to about $43.7 million..
On Monday it filed a petition jointly with Synergy Marine, which was operating the Singapore-flagged ship..
They claim the collapse of the Francis Scott Key Bridge was not due to any fault, neglect, or want of care" of the companies and that they shouldnt be held liable for any loss or damage from the disaster..
The petition is a common move for ship owners in the wake of catastrophic crashes like the one in Baltimore..
It invokes a 19th-century law once used by the Titanics owner to reduce the ship owners liability after a crash to the value of the ship and any pending freight..
