London Arbitration 7/06

Contract (Rights of Third Parties) Act 1999 - Charterparty providing for shipowners to pay commission to brokers - Charterers getting into financial difficulties and failing to pay hire - Shipowners concluding new agreement with charterers and cargo interests whereby cargo interests agreed to pay “hire” at same rate as charterparty - Whether brokers entitled to commission on hire paid under new agreement - Whether shipowners released from obligation to pay commission

(2006) 688 LMLN 1(2)