3033 Nordisk - News



Nordisk Circular – May 2016

In this issue of Nordisk Circular you can read about a Norwegian arbitration in which we represented the charterers. The issue at stake relates to the off-hire clause of the Supplytime 2005 form. Even if we do not believe the award is correct as a matter of law, it provides useful examples of how amendments made to a standard clause can play out and the “loss of time” proviso can be interpreted. The second article is a summary of a recent judgment on consequential damages, concerning the construction of a consequential loss clause in a drilling contract.

Link to Nordisk Circular May Issue