Backdating contract sudbury ontario dating women
A Chinese shipyard, Nantong Mingde Heavy Industry Stock Co.
Ltd (“the Builder”), agreed to construct and sell a vessel to Crescendo Maritime Co.
If you continue without changing your settings, we’ll assume that you are happy to accept these cookies. E v Bank of Communications Company Limited and others; Alpha Bank A. Bank of Communications Company Limited and Bank of Communications Company Limited Qingdao Branch At a time when a lot of shipyards are in financial difficulty, it is increasingly likely that buyers will be looking to bring shipbuilding contracts to an end and make claims under the refund guarantees.
To get more information about these cookies and the processing of your personal data, check our Cookies Policy. A recent decision indicates the importance of checking the terms of any security assignment of the contract to ensure the buyer’s claims are pursued in the right names.
It also highlights the risks of backdating shipbuilding contracts.
ii) A declaration that the Lender had no liability to the Bank for fraud.
It was common ground that the shipbuilding contract had been backdated to 2 December 2006, in order to circumvent the application of certain amendments to the SOLAS Convention regarding tank coatings (which applied to shipbuilding contracts signed after 8 December 2006).