Nippon Yusen Kaisha v. Pacifica Navegacion S.A. (The Ion) - Mr. Justice Mocatta - Q.B. (Com.Ct.) - Feb. 12, 1980

New York Inter Club Agreement - Promissory estoppel

The defendants chartered their vessel Ion to the plaintiffs on a New York Produce Exchange Form dated Mar. 14, 1977. Clause 51 of the charter-party expressly provided that the New York Inter Club Agreement for cargo claims would apply. The charter-party also incorporated the Hague Rules and a London Arbitration Clause.