When is a damaged vessel a 'Constructive Total Loss'; the RENOS decision.
24th May 2018
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).
Read more'Subject to Contract' & 'Subject to Board Approval'; what does that mean?
14th May 2018
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.
Read more