Glossary of Maritime Law Glossary of Maritime Law Abbreviations, Definitions, Terms, Links By William Tetley, Q.C.† ( press out ) A.A.A. – The American Arbitration Association. Corporate Headquarters, E-mail : Websitemail @ adr.org. International Center for Dispute Resolution, E-mail : mailto : MartinezL @ adr.org Website : hypertext transfer protocol : //www.adr.org/ A.A.A. – The Association of Average Adjusters – HQS “ Wellington ”, Temple Stairs, Victoria Embankment, London WC2R 2PN. Abandonment [ Fr. : “ délaissement ” ] [ Span. : “ abandono ” ] [ Ital. : “ abbandono ” ] [ Gr. : “ Abandonnierung ” ; “ Aufgabe eines Rechtsanspruches ” ] – abandonment is the giving up by the insured of the proprietorship rights in cover property to the investment banker in consideration for payment of a constructive total loss ( below ) or an actual entire loss ( below ). See Marine Insurance Act, 1906 ( U.K. ) sects. 61-63 ; see besides Notice of abandonment ( below ). See Tetley, Int’l M. & A. L., 2003 at p.612. Abandonment ( “ abandon ” ) is besides the ancient principle of a shipowner having duty only up to the value of the transport and freight ( below ) ( but calculated after the collision ( below ) ). The principle was found in the 1924 Shipowners ‘ Limitation Convention and is still found in the U.S. Shipowners ‘ Limitation of Liability Act, 1851, 46 U.S. Code App. 183. See Tetley, Int’l. C. of L., 1994 at pp. 510-511, 517- 518 ; Tetley, M.L.C., 2 Ed., 1998 at pp. 109-110 ; Tetley, Int’l. M & A. L., 2003 at pp. 20-21. actual fault or privity [ Fr. : “ faute ou complicité réelle ” ] [ Span. : ” falta o complicidad substantial ” ] [ Ital. : “ colpa oxygen connivenza reale ” ] [ Gr. : “ tatsächliches Verschulden ” ] – A defective act or omission of a party, or his cognition of or complicity with the defective act or omission of another for whose impart he is responsible. Under the Hague and Hague/Visby Rules ( below ), the carrier ( below ) wishing to avail himself of the exception from liability provided by art. 4 ( 2 ) ( q ) must prove that the personnel casualty or damage has occurred without his actual fault or privity or the demerit or neglect of his servants or agents. See besides COGSA ( see below ) s. 4 ( 2 ) ( q ) ( 46 U.S. Code App. sect. 1304 ). ( Tetley, M.C.C., 3 Ed., 1988 at pp. 515-524. ) similarly, under the International Convention Relating to the Limitation of the Liability of Owners of Seagoing Ships of Oct. 20, 1957 ( the Limitation Convention 1957, below ) art. 1 ( 1 ), and national legislation based on that Convention, the owner of a seagoing transport may limit his liability in regard of certain claims, “ unless the happening giving rise to the title resulted from [ his ] actual fault or privity ”. The equivalent term in the american Shipowners ‘ Limitation of Liability Act of 1851 is “ privity or cognition ” ( below ). See 46 U.S. Code faction. 183 ( a ). See Tetley, Int’l C. of L., 1994 at pp. 511, 517 ; Tetley, Int’l. M. & A. L., 2003 at pp. 284- 286. actual total Loss [ Fr. : “ perte totale réelle ” or “ perte totale et réelle ” ] [ Span. : “ pérdida sum actual ” ] [ Ital. : “ perdita totale reale ” ] [ Gr. : “ tatsächlicher Totalschaden ” ] – An actual sum loss occurs when : page 1 of 66
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