Damages in Maritime Project Contracts: The “Knock for Knock” RULE; when negligence does not matter
In both project cargo shipping and offshore installation projects (offshore wind, oil & gas) it is crucial to understand the rules governing liability in the event of damage, the fundamental principle being the “Knock for Knock” (“KFK”) rule. While in some contracts (HEAVYLIFT) the negligent party is liable for damages, in other contracts – HEAVYCON, […]