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Prices and trade terms dec. 2018
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prices and trade terms 2018 sup port your business 28 8.
liability
and limitation of
liability
if gh is found to be liable with reference to one of the aforementioned provisions or is held liable in any other way, its
liability
shall
be limited as follows: damages
shall
be fixed according to the value of
cargo
or other equipment of the same kind at the time when the damage is ascertained. the value of the
cargo
shall
be fixed according to its market price ? or, failing that, according to the usual value of
cargo
of the same type and quality. however, damages
shall
not exceed the amounts stated in nsab 2015 and gh's standard terms. with regards to containers or other units of transport with contents, maximum damages
shall
not exceed dkk 75,000. no compensation will be paid for loss on operations, loss of profit, waiting time for trucks or dock workers etc., loss of market share or other indirect losses. unless otherwise stated above, or unless otherwise agreed in writing, gh assumes no
liability
for damage to
cargo
stored in warehouses, tanks or in port areas. lessees are therefore encouraged to take out insurance against such risks. in the event of
liability
, please refer to § 279 of the merchant shipping act on limitation of
liability
. lessees are liable for any damage on leased, rented or hired plant and machinery in connection with
cargo
handling, transportation with fork-lift truck, lorry etc. no compensation is paid for lost or damaged chip cards. reference is generally made to nsab 2015 and gh's standard terms.
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