Gaines Towing & Transportation, Inc. v. Atlantia Tanker Corp.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• when the cost to repair a vessel exceeds the market value of the vessel, recovery is limited to the market value
• “The proper measure of damages in a tort action ‘is to place the injured person as nearly as possible in the condition he would have occupied if the wrong had not occurred.’” (quoting Pizani, 669 F.2d at 1088)
• \[T]he market value of the vessel is the ceiling of recovery.\

Source: CourtListener parenthetical corpus (CC0).