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Glory Wealth Shipping Pte Ltd v Korea Line Corporation (The "Wren") - QBD (Com Ct)(Blair J) - 14 July 2011
The Wren was chartered on an amended NYPE form for a minimum of 36 months. She was delivered into charter on 21 June 2008. As a result of the collapse in the market in the wake of the 2008 financial crisis the charterers wrongfully redelivered the..
Online Published Date:
08 August 2011
Appeared in issue:
827 - 05 August 2011
Sovarex SA v Romero Alvarez SA - QBD (Com Ct)(Hamblen J) - 29 June 2011
The claimant (“Sovarex”) contended that it concluded a contract with the respondent (“Alvarez”) by which Sovarex agreed to sell to Alvarez 5,000 mt of sunflower seeds. The contract provided for English law and contained an..
Online Published Date:
08 August 2011
Appeared in issue:
827 - 05 August 2011
London Arbitration 6/11
The vessel was chartered on an amended Gencon form to carry a cargo of iron ore pellets in bulk from a named Canadian port to China. Box 10 of the charter provided for the loading port in the following terms:
“1SB 1SP [name of port] CANADA..
Online Published Date:
08 August 2011
Appeared in issue:
827 - 05 August 2011
London Arbitration 7/11
The claimant buyers contracted with the respondent sellers to purchase the sellers’ vessel for US$26.55 million. The contract was on the Norwegian Saleform 1993 Memorandum of Agreement (“the MoA”). The name of the buyers shown..
Online Published Date:
19 August 2011
Appeared in issue:
828 - 19 August 2011