Law Office of James D. Prescott, III

Mr. Prescott has extensive experience representing shipyard and offshore rig repair facilities in the United States Gulf Coast region, Louisiana and Texas. Mr. Prescott has handled complex arbitration proceedings, insurance disputes, intellectual property matters, as well as everyday shipyard legal issues for numerous shipyards.  Mr. Prescott has represented clients on matters involving a wide variety of ships or rigs including semi-submersible oil production facilities, SPAR platforms, floating production storage and offloading units (FPSO), jack-up rigs, lift boats, military auxiliary vessels, articulated tug barges (ATB), dredges, container vessels, offshore service and supply vessels, and others.  

Mr. Prescott’s shipyard and rig repair facility experience include:

  • Represented Contractor/Fabricator in $300 million in claims and counterclaims against major US oil company for cost overruns, delays, and acceleration in the design and build of a deep draft, semi-submersible oil production hull, topsides, and mooring system in the Gulf of Mexico, USA.  Matter resolved after three-week arbitration and post-hearing briefing.
  • Representation of shipyard in a change order, disruption, delay, and completion cost dispute with vessel owner of dredge vessel.   
  • Preparation of Requests for Equitable Adjustment for additional structural analysis for oceanographic survey vessels.  
  • Representation of Gulf Coast Shipyards in wrongful termination arbitration related to the design and fabrication of a first-in-class vessel.  
  • Representation of a Gulf Coast Shipyard in an insurance claim for property damage and business interruption and coverage against its excess property insurer resulting from the sinking of historically large drydock.  
  • Represented domestic drilling rig owner in liquidated damages and improper work claim against Malaysian shipyard.