Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / research-memo-ld-enforceability.docx
research-memo-ld-enforceability.docx
Parties
Logistics SA
Aegean Fortuna Shipholding Ltd
Northwind Maritime Corp
Purdy Corp
Kestrel Corp
Van Duzer Realty Corp
See JMD Holding Corp
Commodore Int'l Ltd
Dates
November 5, 2023
December 3, 2020
November 20, 2023
January 15, 2021
January 14, 2024
April 2, 2022
March 12, 2022
July 29, 2022
July 8, 2022
December 10, 2022
Amounts
$14,750
$4,500,000
$1,504,500
$18,300,000
$612
$1.2
$16,166,000
$4,500,000.00
$21,300
$6,550
Obligations
1 In the event of a material breach by Owner of Owner's obligations under Clauses 2 and 6 of this Charter-Party with respect to the maintenance, seaworthiness, and operational readiness of the Vessel, Charterer shall be entitled to liquidated damages calculated in accordance with the formula set forth in Clause 28
3 Notwithstanding the foregoing, the total amount of liquidated damages payable by Owner pursuant to this Clause 28 shall not exceed Four Million Five Hundred Thousand United States Dollars (US$4,500,000
Specifically, Clause 2 provides that the vessel shall be "tight, staunch, strong, and in every way fitted for the service" and that the Owner shall exercise due diligence to maintain the vessel in such condition during the charter period
Risk factor: It must be acknowledged that some New York courts have expressed skepticism regarding multipliers that exceed 100% of direct losses