shipping
An 1893 US statute that relieves the owner of a ship from the consequences of careless or negligent acts in the navigation or in the management of a vessel, and from liability for losses caused by inherent defects or weakness in the vessel itself, provided the owner or his manager has taken all precautions to furnish a seaworthy vessel that has been adequately equipped and manned by a competent master and crew. This act still applies to domestic water shipments by common carriers, although it has been superseded by C.O.G.S.A. on shipments to and from foreign countries.
See the Carriage of Goods by Sea Act.
