DERBY RESOURCES A.G. v. BLUE CORINTH MARINE CO. LTD. (NO. 2) (THE “ATHENIAN HARMONY”)

[1998] 2 Lloyd's Rep. 425

QUEEN’S BENCH DIVISION(COMMERCIAL COURT)

Before Mr. Justice Colman

Practice - Interest - Reduction - Damage to cargo - Judgment for plaintiffs - Application that interest be confined to period of four years although over 10 years since cause of action arose - Whether delay caused by dilatory attitude of plaintiffs to claim - Whether plaintiffs’ recovery of interest should be reduced - Rate of interest applicable and period for which it should be given.