EXAMPLE CLAUSE - CONSEQUENTIAL DAMAGES

www.oceancontracts.com

X Consequential Damages
Under the Contract, the terms “Consequential Loss” or "Consequential Damages" shall mean:
(i) consequential or indirect loss under English law; or
(ii) loss and/or deferral of production, loss of product, loss of use, loss of revenue, profit or anticipated profit (if any), in each case whether direct or indirect to the extent that these are not included in (i), and whether or not foreseeable at the Effective Date.
In no event, and notwithstanding any provision to the contrary elsewhere in the Contract, and except to the extent of any agreed Liquidated Damages or rates for delays (including without limitation any predetermined termination fees) provided for in the Contract, shall any Party be liable to the other Party, whether in contract, warranty, tort (including negligence or strict liability) or otherwise, for any special, indirect, incidental or consequential losses or damages of any kind or nature whatsoever.
Company shall save, indemnify, defend and hold harmless Contractor Group from the Company's Group’s own Consequential Loss and the Contractor shall save, indemnify, defend and hold harmless Company Group from the Contractor's Group’s own Consequential Loss, arising from, relating to or in connection with the performance or non-performance of the Contract.
© 2008 - Ocean Contracts
This document is subject to copyright and any and all disclaimers stated on the www.oceancontracts.com website / 1/1