What is the ratio in Photo Production Ltd v Securicor Transport Ltd?

Exclusion clauses should be interpreted according to their natural meaning, and the doctrine of fundamental breach does not automatically prevent reliance on properly drafted exemption clauses.

What did the court decide in Photo Production Ltd v Securicor Transport Ltd?

The House of Lords decided that Securicor could rely on its exclusion clause despite the fundamental breach, as the clause properly interpreted covered the loss.

Why is Photo Production Ltd v Securicor Transport Ltd important for contract law?

It rejected judicial control over harsh exclusion clauses in favor of statutory regulation, promoting contractual certainty and commercial freedom.

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