Maritime Act Article 23

The shipowner who avails himself of the limitation of his liability under Article 21 shall prove the value of the ship on that particular voyage.The valuation of the ship shall be based upon the condition of the ship at the points of time hereinafter set out:1. For general average claims arising out of collision or other accidents, or for any claims arising after the said accident up to the time of the arrival of the ship at her first port of call, the valuation shall be in accordance to the condition of the ship at the time of her arrival at that first port.2. For claims arising out of accidents occurring during the sojourn of a ship in port, the valuation shall be in accordance to the condition of the ship in that port of sojourn after the accident.3. For claims relating to the cargo carried or for claims arising on a bill of lading, not being claims provided for in the preceding two sub-paragraphs, the valuation shall be in accordance with the condition of the vessel at the port of destination of the cargo, or at the place where the voyage is broken. If the cargo is destined to more than one port and the damage is connected with one and the same cause the valuation shall be in accordance with the condition the vessel at the first of those ports.4. In all the other claims referred to in Article 21, the valuation shall be according to the condition of the ship at the end of the voyage.