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Extract to table / research-memo-latent-defect.docx
research-memo-latent-defect.docx
Parties
Northwind Maritime Corp
Logistics SA
Aegean Fortuna Shipholding Ltd
See Transpacific Carriers Corp
Hyundai Corp
In Hellenic Lines Ltd
Gulf Oil Corp
Grace Line Inc
Dates
December 1, 2023
April 2, 2022
December 3, 2020
January 15, 2021
January 14, 2024
November 20, 2023
March 12, 2022
December 10, 2023
Amounts
$14,750
$4,500,000
$324,500
$1,003,000
$487,050
$471,600
$368,750
$5.97
Obligations
The standard NYPE 2015 language provides that the vessel shall be "tight, staunch, strong, and in every way fitted for the service
This is the primary provision under which Northwind alleges breach by TSL, and is the provision against which the latent defect defense must be evaluated
TSL must demonstrate that the defect that caused the turbocharger failure was hidden and not discoverable through reasonable inspection or the exercise of due diligence
TSL must establish a causal nexus between the hidden defect and the turbocharger failure
All three elements must be established; the failure to prove any one of them will defeat the defense
His opinions will be central to the defense and must be grounded in a thorough review of the available physical and documentary evidence