Energy and offshore — the smart contracting bulletin
Much debate has centred around whether sales of rigs or vessels using or based on the Norwegian Saleform 1987 or 1993 exclude the obligation on the seller to ensure that the vessel is of satisfactory quality and fit for purpose pursuant to the Sale of Goods Act 1979, as amended (SOGA). A recent decision of the Commercial Court in London clarifies the position.
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Briefings from Ince & Co
Ince & Co has published the April 2013 edition of its International Trade and Commodities Legal Update.
The Astra: single hire default entitles owners to withdraw and claim loss of profit for remaining charter period
A Commercial Court judge has decided that a failure to pay hire under an NYPE charterparty amounts to a breach of condition, entitling a ship-owner to terminate and seek damages.
Analysis from The Lawyer
Professional indemnity cases keep hitting the court lists as settlement values continue to rise