Mon, 08 Feb 2021 22:00:57 +0000
A recent judgment from the Commercial Court has emphasised the importance of accurate wording for letters of undertaking (LoUs), especially in relation to arbitration agreements and time extensions. A cargo damage claim in Lavender Shipmanagement Inc v. Ibrahima Sory Affretement Trading S.A. & Ors (Majesty) [2020] EWHC 3462 (Comm) raised the issue of whether the …
The post Getting letters of undertaking right first appeared on Hellenic Shipping News Worldwide.
Full article: https://www.hellenicshippingnews.com/getting-letters-of-undertaking-right/