Archive for April 2017

Termination and Step-In Rights

Notes 1 Such agreements are often described as carry over agreements and are discussed in more detail in ch 17. 2 [2001] CLC 1552. 3 [1998] 1 Lloyd’s Rep 609, [1998] 1 A11 ER 883. 4 Misrepresentation Act 1967 s 2(2). 5 See Johnson v Agnew [1980] AC 367, where . . . Read more

Insurance

Notes 1 E J MacGillivray and others, MacGillivray on Insurance Law (13th edn, Sweet & Maxwell 2015). 2 Prudential Insurance Co v IRC [1904] 2 KB 658, 663. 3 Consideration is usually represented by the payment of premium or the promise to pay a premium, although it is possible for . . . Read more

Allocation of Risk

Notes 1 This list is not intended to be exhaustive. Other risks that are typically allocated include taxation, levies, charges and contributions; these are beyond the scope of this book. 2 Logic Construction: Standard Contracts for the UK Offshore Oil and Gas Industry (2nd edn, October 2003). 3 ibid. 4 . . . Read more

Indemnity and Limitation of Liability Clauses

Notes 1 See h­t­t­p­:­/­/­y­o­s­e­m­i­t­e­.e­p­a­.g­o­v­/­o­p­a­/­a­d­m­p­r­e­s­s­.n­s­f­/­9­c­e­e­7­8­9­b­9­a­c­d­6­4­1­6­8­5­2­5­7­7­2­0­0­0­5­9­5­1­b­7­/­e­a­4­c­5­d­a­f­4­e­8­6­4­d­6­9­8­5­2­5­7­a­e­8­0­0­6­2­d­9­a­b­!­O­p­e­n­D­o­c­u­m­e­n­t­ (last accessed 5 February 2016). 2 See h­t­t­p­:­/­/­w­w­w­.h­a­l­l­i­b­u­r­t­o­n­.c­o­m­/­p­u­b­l­i­c­/­n­e­w­s­/­p­u­b­s­d­a­t­a­/­p­r­e­s­s­_­r­e­l­e­a­s­e­/­2­0­1­4­/­c­o­r­p­n­e­w­s­_­0­9­0­2­1­4­.h­t­m­l­ (last accessed 5 February 2016). 3 See h­t­t­p­:­/­/­w­w­w­.b­p­.c­o­m­/­e­n­/­g­l­o­b­a­l­/­c­o­r­p­o­r­a­t­e­/­p­r­e­s­s­/­p­r­e­s­s­-­r­e­l­e­a­s­e­s­/­b­p­-­t­o­-­s­e­t­t­l­e­-­f­e­d­e­r­a­l­-­s­t­a­t­e­-­l­o­c­a­l­-­d­e­e­p­w­a­t­e­r­-­h­o­r­i­z­o­n­-­c­l­a­i­m­s­.h­t­m­l­ (last accessed 5 February 2016). 4 [1980] AC 827 at 851, [1980] 1 Lloyd’s Rep 545 at 554. 5 [2010] EWCA Civ 691, [2011] 1 All ER (Comm) 1077. 6 . . . Read more

Acceptance and Delivery

Notes 1 The Contractor may not wish to part with possession until its claim for price adjustments are satisfied and the Company has waived any claim for payment of liquidated damages, whereas the Company may wish to terminate and take over possession if the work is not completed to its . . . Read more

Delay

Notes 1 Shipbuilders’ Association of Japan. 2 Robinson v Harman (1848) 1 Exch 850. 3 Hadley v Baxendale (1854) 156 ER 145, (1854) 9 Exch 341. 4 Stocznia Gdynia SA v Gearbulk Holdings Ltd [2009] EWCA Civ 75. 5 Dunlop Pneumatic Tyre v New Garage and Motor Co [1915] AC . . . Read more

Scope of Work and Interpretation of Contracts

Notes 1 See ch 3. 2 We consider the correct application of such clauses in ch 2 at paras 2.85–94. If the contract does not contain such a clause, a similar approach would apply as a matter of the principles of contract interpretation, to the extent that the inconsistency cannot . . . Read more

Defects

Notes 1 In the context of an attempt to avoid an order for contempt of court, the Privy Council in Isaacs v Robertson [1985] AC 97 noted that judges have ‘cautiously refrained from seeking to lay down a comprehensive definition of defects’ that would allow a court order to be . . . Read more

Introduction: Evolution of Offshore Contracts

Notes 1 Section 313. 2 Hyundai Heavy Industries Co Ltd v Papadopoulos and Ors [1980] 1 WLR 1129, [1980] 2 All ER 29, [1980] 2 Lloyd’s Rep 1. 3 JCT: Joint Contracts Tribunal; FIDIC: International Federation of Consulting Engineers; ICE: Institution of Civil Engineers. 4 The interpretation of contracts is . . . Read more