Article 7 Saving of agreements, etc
In this article “document” means any sale, conveyance, lease, grant, assurance, deed, contract, bond, agreement, notices or demand.
Subject to paragraphs (3) and (4), any document affecting the undertaking of BW at the Port and in force immediately before the operative date shall (in so far as it relates to that undertaking) on and from that date be as binding and of as full force and effect as respects anything occurring or falling to be done on or after the operative date, and may be enforced as fully and effectively against or in favour of the Company, as if the Company instead of BW had been a party thereto or bound thereby or entitled to the benefit thereof.
Paragraph (2) does not apply to any document the parties to which include both BW and the Company.
Nothing in paragraph (2)—
shall transfer from BW to the Company any liability of BW (including any liability in damages) incurred or arising prior to the operative date or relating to events, acts or omissions which took place prior to the operative date; or
shall have the effect of transferring from BW to the Company any interest in any land.