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What is the liability for a ship owner if they cut or damage an undersea/submarine communications cable (i.e. Transatlantic communications cable/Transpacific communications cable) and will

What is the liability for a ship owner if they cut or damage an undersea/submarine communications cable (i.e. Transatlantic communications cable/Transpacific communications cable) and will there insurance cover the damage? And if so, under what law/legal precedence ???

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