The bridge is basically valueless compared to everything else about the ship and cargo plus the lawsuits from various contract breaches and other damages. Port shutdowns, environmental cleanup, insurance losses. $100m is a rounding error.
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Wow, I hadn't heard of this. They suspect that there are still people in the water that need to be rescued 😨
https://www.fox5dc.com/news/francis-scott-key-bridge-baltimore-collapse
Think it's probably more appropriate to say recover instead of rescue by this point. Unfortunately the Atlantic is pretty cold this time of year.
So they'd free fall for ~3.4 seconds and hit water at around 75mph. That part could be survivable depending on angle of impact and safety features of the car. Assuming they survive impact, getting out in the dark with cold murky water coming in car and surviving the hypothermia as well and odds are slim to none.
and they would have to be lucky enough to not have the bridge structure fall on top of them.
Minor correction, that's not the Atlantic, it's the Patapsco river which flows into the Chesapeake Bay.
Still cold as shit and very likely those people are dead now unfortunately.
It doesn't matter what the bridge is worth, the owners are only liable up to the value of the ship. They're protected by US and International law. The owners will be filing to limit their liability soon if they haven't done so already.
https://www.britannica.com/topic/maritime-law/Limitation-of-liability
Interesting.
This formula means, generally speaking, that the shipowner is entitled to limit his liability for the negligence of the master or crew, but not for his own personal negligence or that of his managerial personnel.
Does this mean, if the captain fucks up their liability is limited, but if the accident is caused due to systematic poor maintenance maybe not?
[IANAL]To a degree yes, this is why they love to find human error, it gets them covered by their insurance and limits the liability. Systemic issues that can be proven to come from the office would open them up. This is all before we get into shell companies and vessel charters .
They were on the phone with bankruptcy lawyers before dawn. That is the ones that didn't just disappear into hiding.
Can you get insurance for a ship?
Yes, there's rather shady business surrounding ship insurance, actually.
Is there anything in existence that isn’t a fucking scam ?
Sir I will insure your ship for just a $1000 premium. I only take payment in iTunes gift card.
Estimates I could find said $60-$120 million
I assume wrongful debt suits are gonna eclipse that tho
I think that's when it was built. A superstructure like a major port bridge will be well into the billions in 2024 money.
They'll declare bankruptcy before they fish the victims out of the water
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