Knock-For-Knock Indemnities and the Law [electronic resource] : Contractual Limitation and Delictual Liability.

Description based upon print version of record.

Cover -- Half Title -- Series -- Title -- Copyright -- Contents -- Detailed Contents -- List of contributors -- Editors' preface -- Table of cases -- Table of statutes and Model Form Contracts -- Part I Selected Topics -- Chapter 1 The Development of Knock-For-Knock Clauses in the Last 15 Years -- 1 Introduction -- 1.1 Definition -- 1.2 Essential meaning of a K4K clause -- 1.3 Historical genesis of the K4K clause -- 2 Issues in using, implementing and enforcing K4K clauses -- 3 Various uses -- 3.1 SUPPLYTIME 2005 -- 3.2 Insurance and P&I clubs -- 3.3 Use in offshore contracts -- 4 Modern use

4.1 The BIMCO SUPPLYTIME 2017 -- 5 A historical encounter of the K4K clauses in the shipping and in the offshore oil and gas sectors -- 6 The evolution of K4K clauses in standard contracts and in English case law -- 6.1 The significance of the Piper Alpha litigation -- 7 The contribution of other jurisprudence to the historical evolution of K4K clauses -- 7.1 US jurisprudence -- 7.2 Deepwater Horizon -- 7.3 Brazil -- 7.4 Germany -- 7.5 Australia -- 7.6 Nordic countries -- the history and validity of K4K clauses from a comparative perspective -- 7.7 Later judicial trends -- 7.8 The way forward

8 Conclusive critique -- Chapter 2 An Introduction to Risk Allocation in Oil and Gas Contracts From an English Law Perspective -- 1 Introduction -- 2 Indemnification and related concepts -- 2.1 Introduction to the concept of indemnification -- 2.2 Indemnity and hold harmless clauses -- 2.3 Mutual indemnity and mutual indemnity and hold harmless clauses -- 3 Indemnity and hold harmless provisions in the oil and gas context -- 3.1 Introduction to simple indemnity and hold harmless clauses in oil and gas contracts

3.2 Introduction to mutual indemnity and hold harmless clauses in oil and gas contracts -- 3.3 The rationale for a mutual indemnity and hold harmless regime in the oil and gas context -- 3.4 Back-to-back indemnity and hold harmless provisions in oil and gas contracts -- 3.5 Qualified indemnity and hold harmless provisions -- 4 Selected further issues in indemnification law and practice in the UKCS -- 4.1 Statutory control of indemnity and hold harmless clauses -- 4.2 The law's default settings: the normal presumptions about the distribution of risk -- 4.3 The position of third parties

5 Interpreting indemnity and hold harmless clauses -- 5.1 The traditional approach to interpretation -- The general rules -- Interpretation contra proferentem -- Towards contextualism (and back again) -- 6 Some known problems of drafting and interpretation -- 6.1 Contra proferentem and the problem of negligence and breach of statutory duty -- 6.2 Words delimiting the circumstances in which the indemnity and hold harmless provision will take effect -- 6.3 Multi-party issues -- 6.4 "Full and primary" -- 6.5 Definitional issues -- Company groups -- Employees and personnel -- Property

7 The problem of multiple parties

This book examines contractual limitation, principles and practice through the use of knock-for-knock indemnity clauses. The book is useful for lawyers, economists and businesspeople who draft, negotiates or manage contracts in all industries where liability is dealt with in this way.