Due Diligence Acquisitions, on Contracts, Performance and Earnings
A valuable risk management tool, Due Diligence, is a proactive and reactive process that gives the parties involved an opportunity to uncover contractual issues and unforeseen liabilities and make good faith efforts to analyse and respond to these risks. It can also be a process by which acquisition opportunities may be assessed.
As part of minimising contract risk, we ensure that there are clear and unambiguous provisions to cover issues such as laytime and demurrage, custody transfer, documentary requirements and vessel performance. As part of our work on Commercial Operations, we also assist clients with any potential claims following breaches of contractual terms. In this way we aim to assist our clients in preventing Profit Leakage. We have assisted oil and shipping companies on such matters.