The P-36 was located in an especially oil-rich area off the coast of Rio de Janiero, and was expected to produce 180, 000 barrels per day in the near future, making the explosion an even greater loss.
First, the NHL would de-register the contract and give notice to the NHLPA. The NHLPA would then have until 5:00 p.m. the following day to dispute the decision in writing (or five days if they are notified between July 1 and seven days prior to the start of the regular season).