American Home Assurance Co. v. Hapag Lloyd Container Linie, GmbH
Court of Appeals for the Second Circuit
1Opinion of the Court
HALL, Circuit Judge.
On July 23, 2002, a Burlington Northern and Santa Fe Railway Company (“BNSF”) train derailed en route to Long Beach, *315California from Chicago, Illinois. The derailment resulted in extensive damage to cargo, including a containerized shipment of two engines owned by Caterpillar, Inc. (“Caterpillar”). This case concerns BNSF’s right to limit its liability to $500.00 for the loss and damage to the engines pursuant to the contracts governing the shipment.
I. Background
The shipment originated at Caterpillar’s facility in Morton, Illinois and was destined for a Caterpillar…
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