“And the Nominations are…” – when an option taken gets written in | Case by Case (Ep. 16)

In this episode, Calum and Luke use London Arbitration 20/21 as a launching point into the world of nominations, options and elections. Does a nomination become written into a contract once made? When does it not? What parallels are there with redelivery notices (eg. the Zenovia)? Or analogies with other options in a contract?