Offshore Energy Contracts – Knock for Knock, Supplytime, Towcon/Towhire, Consequential Damages and Gross Negligence

In a recent filing before the CIT, CBP described a new capability being developed within the Automated Commercial Environment (ACE) called CAPE (Consolidated Administration and Processing of Entries).

The Supreme Court’s ruling rejected IEEPA as a basis for broad tariffs, but it did not call into question tariffs imposed under other trade statutes. That means the decision removed one legal mechanism, not the broader policy goals that drove the tariffs in the first place.

The One Big Beautiful Bill Act (the “Act”), passed in July 2024, and related recent additional guidance, has created ripple effects…