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=== Is OG insured? === | |||
Is OG insured? | |||
Unclassified vessel so likely not. If you were a public liability insurer would you insure a home made deep water submersible? | Unclassified vessel so likely not. If you were a public liability insurer would you insure a home made deep water submersible? | ||
Does OG have any assets | === Does OG have any assets worth suing? === | ||
Estimated operating revenue of USD10m per annum and 45 staff, having just had to mount a desperate deep sea rescue probably not | Estimated operating revenue of USD10m per annum and 45 staff, having just had to mount a desperate deep sea rescue probably not | ||
Would the disclaimer work | === Would the disclaimer work? === | ||
Governed by Bahamas | Governed by Bahamas law, for which the ultimate court of appeal is the Privy Counsel<ref>https://tinyurl.com/bahamasappealcourt </ref> which must apply Bahamian law, but as a common law jurisdiction assume it will be broadly along the same lines as English law for things like general contractual liability. | ||
Catalogues all kinds of “inherent” risks which may arise as a result of expedition. Includes those of experimental, in approved vehicle | ===What does disclaimer do? === | ||
====Inherent risks==== | |||
Catalogues all kinds of “inherent” risks which may arise as a result of expedition. Includes those of experimental, in approved vehicle. | |||
====Negligence of Released Parties==== | |||
The Release purports explicityly to exclude the negligence of Released Persons | |||
“although OceanGate will take steps to provide me with adequate training, equipment and skilled personnel, I acknowledge ... ” | “although OceanGate will take steps to provide me with adequate training, equipment and skilled personnel, I acknowledge ... ” |