BIMCO bulletin explains why it is important to pay attention to standard forms.
Dispute between contracting partiesLawyers spend countless hours of working lives interpreting contractual terms. Sometimes the meaning, as far as a court or tribunal would see it, is crystal clear. Other times it is not.
In many instances where there is a dispute between contracting parties, both sides have absolutely fixed but completely opposing views as to what a contractual provision is intended to convey.
Not...