In the realm of maritime law, ships possess a unique legal characteristic: their total liability in the event of an accident is generally limited to the value of the ship post-incident. This principle, which can seem as impenetrable as the sea itself, is navigated by Professor Martin Davies, a renowned expert in maritime law. Davies explains the legal history and justification, real world tragedies and the impact of this limitation, and the cases and opinions that have shaped the law. 

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