US 5th: Subrogation Supported by Indemnity Contract

The U.S. 5th Circuit Court of Appeals ruled that a maritime labor contractor's promise to hold harmless and indemnify a vessel operator for injuries sustained by that contractor's employees while riding on the operator's vessel is supported by consideration when the vessel operator owes a pre-existing duty to an oil company to transport those same employees.In Johnson v. Seacor Marine Corp. (03/23/05 - No. 03-31005, 03-31038, 03-31161) Production Management Industries, L.L.C. (PMI), a labor contractor that provides labor and other support services for the oil and gas industry in the Gulf of...