13 November 2017: “Memorandums of understanding are typically non-binding, so there are rarely legal ramifications if one side backs out. They can push an LNG project’s development process along, but they’re not enough to attract financial investments, Jason Feer, head of business intelligence at ship broker Poten & Partners Inc. in Houston, said by phone.”
““At the end of the day, what really counts is contracts,” said Feer. “An MoU is usually an agreement to continue talking.””
To read full article, click here.