In order to study the characteristics of liquid spurt caused by the hydrodynamic ram and its influencing factors, experiments in which high-velocity fragment impacts the liquid-filled container have been conducted. The characteristics of cavity oscillation in the container, the pressure distribution and the liquid spurt outside the container were tested. Experimental results show that there are two different phases of the liquid spurt. The first phase occurs within 400～700 μs after the cavity grows to its maximum volume and the liquid spurt has an arrow-shaped head. In the second phase, a number of similar pulsating spurt occurs, and each single pulsating occurs after each time of the cavity collapse. The liquid spurt has an umbrella-shaped head with a linear-shape tail. The pressure in the liquid and the shape of penetration orifice affects the velocity of the liquid spurt. The relative velocity of liquid spurt decreases in inverse proportion with the increase of the fragment impact velocity. The velocity of the liquid spurt fluctuates in the motivation. The velocity of the liquid spurt decreases and the location of the inflection point of the velocity can be closer to the penetration orifice with the increase of the number of spurts.