Draft:Restraint of princes
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Restraint of princes is a common law concept used to describe the restriction on the sailing of a vessel or the undertaking or completion of a voyage due to a blockage. The phrase still occasionally appears in maritime-insurance contexts. [1][2] An example of this concept in contemporary times relates to claims under the Carriage of Goods by Sea Act ("COGSA") which govern the rights and liabilities among shippers and carriers and shippers in international trade. [3] A defendant sued under this act may raise this concept as a defense to liability. [4]
The same concept may also be termed restraint of princes and rulers', and restraint of princes, rulers, and people. [1][2]
It is similar to an embargo.[1][2]