Security in the form of bonds and/or guarantees is commonly given in contracts for the building or conversion of vessels to floating production storage and offloading ("FPSO") or floating storage and offloading ("FSO")...more
In a recent decision, the Court of Appeal has awarded substantial damages to the innocent party after a force majeure event, in circumstances where the party seeking to rely on the force majeure event to excuse liability...more
7/25/2019
/ Appeals ,
But For Causation ,
Contract Interpretation ,
Contract Terms ,
Damages ,
Force Majeure Clause ,
Natural Disasters ,
Nominal Damages ,
Reversal ,
Shipping Cargo ,
UK ,
Vessels