Project sponsors would be reluctant to carry out a project that would require them to assume unlimited liability for the project company s debts.

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Unlimited

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16. This issue was raised by the Secretariat as a result of concerns regarding the unlimited financial liability of the Organization resulting from the current policy.

17. The Secretariat raised the issue of the adverse financial implications for the Organization inherent in the acceptance of unlimited financial liability for these equipment losses.

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In relation to article 57(4), it has been discussed whether the liability for failure by the carrier to comply with instructions given should be strict and unlimited or, whether on a true construction of the provision, the liability was a due diligence liability in the same way as liability for loss of or damage to cargo, and also limited in the same way.

A consortium would not be a suitable vehicle for borrowing funds, since in many jurisdictions the consortium members would have a residual and unlimited liability for the obligations of the consortium.

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The first of these issues involves the unlimited liability of the United Nations for losses resulting from the loss or damage of contingent owned equipment in cases of hostile action or forced abandonment.

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The default is 1 meaning unlimited.

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The treaty should be of unlimited duration.

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This Convention shall be of unlimited duration.

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And indeed for you is an unlimited reward.

And indeed for you is an unlimited reward.

The present Convention shall be of unlimited duration.

if the violation constitutes a crime, the judicial organ shall investigate its criminal responsibility if it causes losses, it shall bear liability for compensation according to law.

2. The bodies of the armed forces to which a soldier belongs who caused damage to third parties or their property shall bear liability for providing compensation.

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Liability

However, the power to formulate a reservation was not unlimited.

The General Assembly may consider the issue of unlimited financial liability for losses due to hostile action and forced abandonment of contingent owned equipment in the global context of the overall review of temporal and financial limitations on claims against the Organization.

The view was expressed that in considering the issue of liability it was important to bear in mind the mutual expectations and interests of the user and the certification authority.

Liability insurance

Liability Accounts

Liability accounts

In some cases, such liability extends to liability for environmental damage.

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1972 Liability Convention

Nature of liability