Legal Updates & News

When is a damaged vessel a 'Constructive Total Loss'; the RENOS decision.

In the recent RENOS case, the Court of Appeal has provided helpful clarification regarding the calculation of total loss of a vessel when an Owner seeks to abandon a badly damaged vessel as a constructive total loss (or a CTL).

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'Subject to Contract' & 'Subject to Board Approval'; what does that mean?

In a recent Commercial Court case, the Judge confirmed the meaning and effect of the phrase 'subject to contract' when used in negotiations and considered what 'subject to board approval' means. 

 

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