Five Common Mistakes in Maritime Contracts
“An ounce of prevention is worth a pound of cure.” – Henry de Bracton, DeLegibus, ~1240Often clients or prospective clients come to me with a commercial contract issue perched on the precipice of full-blown litigation or arbitration. When I ask to see the contract, often times I see errors in drafting that either (1) give rise to the problem before me or (2) could create a bigger problem for the client in the future.The risk of drafting error is higher for Europeans looking to contract with American companies.
Job Losses Feared with Drilling Stopped
According to a June 7 report from NPR, many people — from work boat captains to offshore caterers — say shutting down the industry for that long could be a bigger economic blow to the region than the oil spill itself. There's no doubt that the oil and gas industry is the biggest player in Louisiana's economy. It accounts for about 16 percent of the state's GDP, according to the Tulane University Energy Institute. Fishing accounts for one percent, and tourism four percent. (Source: National Public Radio)
Boggs Named Carnival Conquest Godmother
Corrine "Lindy" Clairborne Boggs, former U.S. representative from Louisiana, is to serve as godmother of Carnival Cruise Lines' newest ship, Carnival Conquest, at the official naming ceremony slated for November 19, 2002, in New Orleans. The Carnival Conquest will be the line's first vessel inaugurated at the Port of New Orleans, where the ship will be based year-round. Boggs will name the ship by breaking the traditional bottle of champagne against the hull in a special ceremony at the port. The 110,000 gross-registered-ton, 2,974-passenger Carnival Conquest will be the largest "Fun Ship" in Carnival's 18-vessel fleet. "Lindy Boggs is an individual who has served her state and country with distinction and made countless contributions as a lawmaker…
