QCR Spring 2017: Interpreting commercial contracts and excluding consequential losses.
Transocean Drilling v Providence Resources  EWCA Civ. 372.
The English Court of Appeal has overturned a High Court decision on the interpretation of a consequential loss provision in a drilling contract. The judgment provides useful and more general guidance as to how the court will interpret provisions in commercial contracts. It also serves as a reminder of the importance of clearly drafted contractual provisions.
Read the UK Defence Club's Soundings here.
You may also be interested in:
QCR Spring 2018: Court of Appeal confirms that package limitation under the Hague Rules does not apply to bulk cargo
Sea Tank Shipping AS v Vinnlustodin HF, Vatryggingafelag Islands FH (The “Aqasia”)  EWCA Civ 276