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This bill amends federal maritime liability law to increase the liability limit for owners of foreign vessels involved in accidents. Currently, foreign vessel owners have the same liability cap as U.S. vessel owners (the vessel's value plus pending freight). The bill would raise the cap for foreign vessels to 10 times that amount. Additionally, the bill exempts claims for personal injury or wrongful death of non-crew, non-passenger individuals from the liability cap when involving foreign vessels, while maintaining the cap for wage claims and other liabilities.
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