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Eitzen Bulk A/S v TTMI SARL (The “Bonnie Smithwick”) – QBD (Com Ct)(Eder J) – 14 February 2012
On 10 May 2007 TTMI chartered their vessel Bonnie Smithwick to Eitzen on the Shelltime 4 (2003) form with amendments and rider clauses (“the head charter”). The rate of hire was US$34,500 per day. Clause 15 of the head charter..
Online Published Date:
02 March 2012
Appeared in issue:
842 - 02 March 2012
Polestar Maritime Ltd v YHM Shipping Co Ltd and Anr (The “Rewa”) – Court of Appeal (Sir John Thomas, President of the Queen’s Bench Division, Lloyd and Aikens LJJ) – 17 February 2012
Disputes arose following the sale of the vessel Rewa by the claimant sellers to the defendant buyers on the terms of an amended Norwegian Saleform 1993 (“NSF”) at a price of US$19 million. The Memorandum of Agreement..
Online Published Date:
02 March 2012
Appeared in issue:
842 - 02 March 2012
MacDonald v Pollock (The “Monaco”) – Court of Session (Inner House)(Lord Eassie, Lord Brodie and Lord Osborne) – 14 February 2012
On 17 September 2002 the defenders agreed to sell to the pursuer the Monaco, a former fishing vessel which had been converted for use as a cruise vessel by the provision of appropriate passenger accommodation. The price was £75,000. The..
Online Published Date:
02 March 2012
Appeared in issue:
842 - 02 March 2012