What Is the Single Responsibility Principle?

The single liability principle refers to a method of calculating damages if two ships collide with each other at fault. That is, the two ships compensate each other for the difference between the two ships' losses according to their fault ratio. For example, if two ships A and B collide, each bears 50% of the liability for fault. Assuming that ship A loses USD 2 million and ship B loses USD 1 million, according to the single liability principle, the owner of ship B shall pay the owner of ship A. For ($ 2 million to $ 1 million) X50% = $ 500,000. Prior to the introduction of the law on limitation of liability of shipowners, this principle was generally followed in the settlement of claims for negligent collisions between two ships. ^[1]