Statute of Limitation

Tags: Glossary

The legal time limit within which a lawsuit must be filed.

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Al Sharqi Shipping is a leader in the logistics industry with more than 30 years of experience in guiding and moving freight across the globe.

What is the Statute of Limitation?

The Statute of Limitation is a legal concept that sets a time limit for filing a lawsuit or pursuing legal action. In shipping, it refers to the time limit for filing a claim for loss or damage to goods during transportation. The statute of limitation may vary depending on the jurisdiction and the mode of transportation used. 

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