Everett Steamship Corporation v. Court of Appeals

Summary

Maritime cargo case where Supreme Court upheld validity of limited liability clause in bill of lading, limiting carrier's liability to Y100,000.00 for lost shipment worth Y1,552,500.00. Court ruled that consignee who claims compensation under bill of lading becomes bound by all its terms, including liability limitations. Lower courts erred in invalidating the clause and awarding full compensation. Shipper's failure to declare higher value and pay extra freight as required by contract provisions resulted in application of standard liability limit.