Legal Updates & News

Excluding ‘consequential loss’ in Offshore Contracts

Andrew Iyer discusses the effective and non-effective exclusion of 'consequential loss' and 'loss of profits' under English law as applied in the BIMCO offshore contracts, including Supplytime '89 and '05, and Heavycon 2007, and explains how to ensure that these risks are actually excluded, and why mistakes in this area are commonly made when using these agreements.  

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