Specific Issues for discussion:
• Introduction to LOI’s:
Commercial context and relevant insurance issues
Operative clauses
A few pointers
• Gulf Petrochem litigation, including Tenacity Marine Inc v NOC Swiss LLC and OCM
Singapore Njord Holdings Hardrada Pte Ltd v Gulf Petrochem FZC.
• Fimbank Plc v KCH Shipping Co Ltd (“The Giant Ace”) [2023] EWCA Civ 569