No counter-obligation to accept “reasonably satisfactory” security under ASG 2 collision jurisdiction agreement

In a complex case involving a three-way collision in the Suez Canal and three P&I Clubs, former Admiralty Judge Sir Nigel Teare, sitting as a judge of the High Court, dismissed a claim, brought by the Owners of bulk carrier Panamax Alexander (IMO 9233492) against the Owners of bulk carrier Osios David (IMO 9593361) for…

The post No counter-obligation to accept “reasonably satisfactory” security under ASG 2 collision jurisdiction agreement appeared first on Insurance Marine News.

https://insurancemarinenews.com/insurance-marine-news/no-counter-obligation-to-accept-reasonably-satisfactory-security-under-asg-2-collision-jurisdiction-agreement/