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News & Insights 30 August 2014
Ship Management International have recently published an article about a notable victory for the Standard Club in the London Appeal Court
Ship Management International have recently published an article about a notable victory for the Standard Club in the London Appeal Court. The Standard Club obtained a London appeal court ruling that a limitation fund can be established through a letter of undertaking (LOU) rather than payment in court. The ruling means that a P&I club letter or guarantee is now an acceptable alternative to a cash deposit. Please click follow this link.