Dyer and Others v. National Steam Nav. Co

Citations

• 118 U.S. 507

Syllabus

<p>The decision in the previous case of The City of Norwich, repeated on the question relating to the time when the value of ship and freight is to be taken for fixing the liability of the owner, and on the question of insurance.</p> <p>Where a collision occurred by which the oilending ship and her cargo were sunk at sea, but strippings from the ship were rescued before she went down, from which the owners afterwards realized several thousand dollars: Held, that in awarding damages against the owners, limited to the amount of their interest in the ship, the court is not bound to allow interest on the proceeds of the wreck or strippings ; but may, in its discretion, allow interest or not.</p> <p>The Circuit Court is not bound to allow interest on costs awarded by the District Court, although such costs are included in the decree of the Circuit Court.</p> <p>The allowance of interest by way of damages in cases of collision and other cases of pure damage, as well as the allowance of costs, is in the discretion of the court.</p>