TRANSOCEAN DRILLING UK LTD v PROVIDENCE RESOURCES PLC(THE “GSF ARCTIC III”)

[2016] 2 Lloyd's Rep. 51

COURT OF APPEAL

Before Lord Justice Moore-Bick,Lord Justice McFarlane,Lord Justice Briggs

Contract – Hire of drilling rig – Exclusion clause – Hirer suffering loss of time due to owner's breaches of contract – Hirer claiming to recover additional overhead costs resulting from delays – Whether owner's liability excluded on basis that costs constituted “consequential loss”.