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Marine contract

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MARINE CONTRACT. One which relates to business done or transacted upon the sea and in sea ports, and over which the courts of admiralty have jurisdiction concurrent with the courts of common law; such contracts include according to civilians and jurists among other things, charter parties, affreightments, marine hypothecations, contracts for the marine service in the building, repairing, supplying and navigating ships; contracts and quasi contracts respecting averages, contributions and jettisons, and policies of insurance. 2 Gall. R. 398, where Judge Story gave a very learned opinion on the subject.



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Marine contract revenue reached $320 million (e1/4208 million) up 86% in $ and up 66% in e1/4.
Full-year 2007 operating margins in the company's key marine contract business would be "marginally below" 50pc, missing a target of 50-55pc, the supplier of seismic surveys to the oil and gas industry said.
It has also secured a pounds 3m civil marine contract as part of a new marina development at Deganwy Quay, and is putting the finishing touches to a pounds 1m design and build project for a foundation structure at the Kronospan plant at Chirk.
 
 
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