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Transocean cites 1851 law to limit spill liability

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Ruby the Liberal Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-13-10 10:30 PM
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Transocean cites 1851 law to limit spill liability
A Transocean spokesman said it will cite an 1851 law that makes the owner of a sunken vessel liable only for its value after the accident. The $27 million figure reflects the value of oil the rig was holding when it exploded.


Full article: http://www.msnbc.msn.com/id/37128693/ns/business-us_business/

This was an exploratory (non-producing) well when it blew.

These people have no soul.
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RB TexLa Donating Member (1000+ posts) Send PM | Profile | Ignore Thu May-13-10 10:31 PM
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1. Oil platforms are ships, always have been under every interpretation of the law.
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