What is ‘Strict Liability’?

It is customary in some trades for the carrier or bailee to accept full or absolute responsibility for goods under the contract of carriage or trading. This 'Strict Liability' is far greater than that under 'All Risks' as there are no defences or limitations to the extent of liability save that a loss may be caused by the wilful act of the goods owner.

Carriers or bailees should be aware of the exposure to liability, which they accept under their contracts of carriage or trading and ensure that their insurer is fully aware and kept up to date of all contracts in force.