As a general rule, a ship owners liability is merely co-extensive with his interest in the vessel, EXCEPT, where actual fault is attributable to the ship-owner or ship agent may be liable for damages when the sinking of the vessel is attributable to the actual fault or negligence of the ship-owner or its failure to ensure the seaworthiness of the vessel. The instant petitions cannot be spared from the application of the exception of the doctrine of limited liability in view of the unanimous findings of the courts that both Aboitiz and the crew failed to ensure the seaworthiness of M/V Aboitiz.