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Specialists in Shipping, Marine Insurance & Transit Law, London |
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ASG CARGO UNDERTAKINGTO: Dear Sirs
IN CONSIDERATION of the owners of and other persons entitled to sue in respect of the cargo referred to above (hereinafter together referred to as the "Cargo Owners"), consenting to release from arrest and/or refraining, subject to (4) below, from taking action resulting in the arrest or re-arrest at anytime hereafter of the above-named ship or any other ship in the same ownership, associated ownership or management for the purpose of obtaining security in respect of the above-mentioned claim of the Cargo Owners, and of the Cargo Owners refraining, subject to (4) below, from commencing and/or prosecuting legal or arbitration proceedings in respect of the above mentioned claims otherwise than before the court referred to below against the above-named ship and/or [name of shipowner] of [please insert address] (hereinafter "the Shipowners"), who owned the above-named ship at all material times, we hereby undertake to pay to you on behalf of the Cargo Owners on demand such sums as may be adjudged or declared by the English High Court of Justice (or an appeal therefrom) to be or have been payable by, or as may be agreed to be or have been recoverable from, the above-named ship and/or the Shipowners (or their successors) in respect of the said claim, interest and costs of the Cargo Owners provided that the total of our liability hereunder shall not exceed the sum of [insert sum]. And for the consideration aforesaid:
This undertaking shall also be governed by and construed in accordance with English law and we agree to submit to the exclusive jurisdiction of the English High Court of Justice for the purpose of any process for the enforcement hereof. We confirm that our registered or principal office is situated at [insert details]. |
Casualty Reports
Added: 06 September 2010
Added: 10 August 2010 Emergency Contact NumbersChristopher J. Dunn: |
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