Vagres Compania Maritima S.A. v. Nissho-Iwai American Corpn. (The Karin Vatis) - Court of Appeal (Slade, Croom-Johnson and Lloyd L.JJ.) - 21 June 1988

Whether owners entitled to balance of freight after loss of vessel and cargo

The vessel Karin Vatis was chartered on the Gencon form as amended for a voyage from Liverpool to India with a cargo of shredded scrap. The charterparty provided: