If the owner of the cargo fails to bring a suit within one year after receiving or should receive it, the carrier or the owner of the ship shall be relieved of the liability for damages<br>The Hague rules stipulate that the limitation of claim is one year<br>Limitation of claims against insurers<br>According to s.65 of the insurance law, the rights arising from the insurance contract shall be extinguished if they are not exercised for more than two years from the date when they can be requested
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