Agreement of Assumption of Obligations Sample Contracts

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Agreement of Assumption of Obligations • December 5th, 2024

– On July 6, 1979, PNOC Shipping and Transport Corporation (PSTC) and Luzon Stevedoring Corporation (LUSTEVECO) entered into an Agreement of Assumption of Obligations. Under this Agreement, PSTC assumed all of LUSTEVECO’s obligations related to certain claims.

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