An "as-is" provision in a purchase and sale agreement is a key component of said agreement. As such, litigation over the scope of this type of clause is noteworthy. While an ongoing dispute in the U.S. District Court for the...more
Commissioner Rebecca F. Dye of the Federal Maritime Commission (FMC or the Commission) has released her Final Report for Fact Finding 29 titled "The Effects of COVID-19 on the U.S. International Ocean Transportation Supply...more
Negotiating a contract, a charter party in maritime parlance, is a balance of leverage and sometimes a leap of faith. Certain issues are more important to companies than others, and for those issues, the language of clauses...more
4/6/2020
/ CITGO Asphalt Refining Co v Frescati Shipping Co Ltd ,
Clean-Up Costs ,
Contract Terms ,
Crude Oil ,
Oil & Gas ,
Oil Pollution Act of 1990 (OPA 90) ,
Safe-Berth Clause ,
SCOTUS ,
Shipping Cargo ,
Split of Authority ,
Strict Liability ,
Subcharter Agreements ,
Vessels ,
Warranty of Safety