The $500 COGSA Package Limitation Explained: How Much Can You Recover for Damaged Cargo?
The $500 COGSA Package Limitation Explained When cargo is lost or damaged during international ocean transportation, the ocean carrier may claim that its liability is limited to $500 per package, even when the cargo is worth substantially more. This limitation arises under the Carriage of Goods by Sea Act (COGSA). However, determining what constitutes a […]