Lloyd's Maritime Law Newsletter

In 2004 the parties entered into a Memorandum of Agreement (“MOA”) for the purchase of a 20 year old bulk carrier at a price of US$7,171,500. The cancelling date was 30 April 2004. Pursuant to the terms of the MOA the buyers paid a..

The claimant buyer, a Luxembourg company, agreed to purchase the super yacht M/Y Namasté from the defendant seller, a German company, pursuant to an agreement dated 14 May 2008. The seller had commissioned construction of the yacht by a Turkish..

The vessel was chartered on the NYPE form. Disputes arose under the charter. The owners claimed a balance of hire. The charterers originally said that they were entitled to withhold the hire in question on the basis that the vessel was off-hire. In..

On 8 December 2007 at 0247 a collision occurred in the Gulf of Aden in good visibility between the VLCC SAMCO Europe, heading for Rotterdam, and the containership MSC Prestige, heading for Mauritius. Each vessel claimed that the other was primarily..

The vessel was chartered on the NYPE form. Clause 37 of the charter required the vessel’s holds to be “thoroughly cleaned and dried before delivery”. The charterers ordered the vessel to load a cargo of corn. The vessel was..