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'''COLLISION BETWEEN SHIPS: SECURITY AND JURISDICTION: STANDARD FORM WORDINGS OF ADMIRALTY SOLICITORS GROUP: ASG 1 - LETTER OF UNDERTAKING: ASG 2 - COLLISION JURISDICTION AGREEMENT: FORMS DESIGNED TO BE USED TOGETHER: UNDER ASG 2, SECURITY TO BE PROVIDED “IN A REASONABLY SATISFACTORY FORM”: WHETHER PRESENCE OF SANCTIONS CLAUSE IN ASG 1 RENDERS IT NOT REASONABLY SATISFACTORY SECURITY UNDER ASG 2: RISK OF NON-PAYMENT: WHETHER A PARTY IS OBLIGED TO ACCEPT SECURITY THAT IS IN REASONABLY SATISFACTORY FORM'''
'''Note: This judgment has been overruled by the Court of Appeal, in a judgment delivered on 14 June 2022. A note on the Court of Appeal judgment is being preparedcan be accessed through this link [[https://www.onlinedmc.co.uk/index.php?title=Pacific_Pearl_Co_v_Osios_David_Shipping_-_The_Panamax_Alexander_and_Osios_David)]].'''
Case Note contributed by Sri Azali (BB in Human Resource Management and Business Law), Penningtons Manches Cooper
