Log-O-Mar AG v Craft Enterprises International Ltd and Anr (The "Tiger V") - QBD (Com Ct)(Toulson J) - 27 July 2004

Contract - Disputes between carrier and charterers compromised under settlement agreement - Carrier asserting that charterers in repudiatory breach of settlement agreement by shipping excessively brittle steel bars - Charterers responding by treating settlement agreement as at an end - Whether carrier or charterers in repudiatory breach of settlement agreement

Between April 2001 and July 2001 the claimant carriers agreed to charter five vessels to the defendants for voyages carrying steel d-bars from Black Sea ports to Umm Qasr. D-bars were steel bars used for reinforcement of concrete and needed a high degree of flexibility. One of the carrying vessels was the Mega S. She loaded consignments of d-bars at Sevastopol between 31 July and 6 August 2001. There were four different sizes of bars, namely 12mm, 16mm, 25mm and 32mm.