So, what is LIBOR? LIBOR—the London Interbank Offered Rate—is one of the most ubiquitous benchmarks for determining short-term interest rates in bank (and other) lending. LIBOR rates are short-term fixed rates quoted for...more
6/19/2017
/ Banking Sector ,
Benchmarks ,
Chapter 11 ,
Commercial Bankruptcy ,
Contract Terms ,
Federal Reserve ,
Foreign Subsidiaries ,
Global Economy ,
Interest Rates ,
Interpleaders ,
Libor ,
Loans ,
Maritime Liens ,
Maritime Transport ,
Market Conditions ,
Oil & Gas ,
Oil Prices ,
Payment Terms ,
Suppliers ,
Supply Contracts ,
Transportation Industry ,
UK ,
Vessels
Vessels cannot sail without fuel. This industry truth is recognized in contracts and under U.S. maritime law. In fact, enabling ship operators to efficiently obtain fuel is so important that U.S. maritime law purports to...more
6/19/2017
/ Chapter 11 ,
Commercial Bankruptcy ,
Contract Terms ,
Foreign Subsidiaries ,
Interpleaders ,
Maritime Liens ,
Maritime Transport ,
Oil & Gas ,
Oil Prices ,
Payment Terms ,
Suppliers ,
Supply Contracts ,
Vessels