Vanguely reminiscent of Titanic's "watertight" compartments, which were watertight at the SIDES, but open at the TOP.
That is a reasonable design when you look at the tradeoffs. Titantic had 16 compartments, and could withstand up to four being breached at either the bow or stern, and even more could be breached amidship (where they would not cause much tilt). The problem is that five were breached, all at the bow. This was a "worst case" scenario. Even then, they may have been able to save the ship if they reacted quickly, by flooding the last compartment aft. That would have helped to balance the ship. But by the time the captain realized the full extent of the damage, the bow was sinking, the stern was rising, and it was too late.