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Carriage of Goods by Sea Act of 1936 (COGSA)

The Carriage of Goods by Sea Act (COGSA) is a statute that contains a list of 17 causes of loss for which the carrier or vessel is not liable if the carrier exercised reasonable steps to make the ship seaworthy and to handle/stow goods responsibly.

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COGSA also limits liability to $500 per package or customary freight unit (CFU) unless another amount is specifically mentioned in the bill of lading. That amount, however, can never be greater than the actual loss incurred.