Lloyd's Maritime Law Newsletter
Banco do Brasil S.A. v. Pan American Steamship Lines Inc. (The Alexandros G Tsavliris) - Federal Court of Appeal (Isaac C.J., Heald and Marceau JJ.A. - 14 August 1992
Mortgagee threatened to arrest vessel to recover arrears of mortgage instalments, thereby causing vessel to be delayed - Whether mortgagee’s threats unlawful - Whether charterers entitled to recover damages from mortgagee
This was a claim by charterers of the vessel
Alexandros G Tsavliris
against the Banco do Brasil, the mortgagees of the ship, alleging that the bank had wrongfully induced breach of the charterparties
and bills of lading.