GLOBAL CONTAINER LINES LTD. v. BONYAD SHIPPING CO.

[1998] 1 Lloyd's Rep. 528

QUEEN’S BENCH DIVISION(COMMERCIAL COURT)

Before Mr. Justice Rix

Contract - Joint venture agreement - Construction - Joint venture to cover Atlantic, Far East liners service and worldwide tramp/bulk service - True geographical scope of joint venture - Whether plaintiffs entitled to compete with joint venture - Whether terms on which vessels and cargoes transferred between plaintiffs and joint venture subject to fiduciary principles - Identification of voyages which were part of joint venture - Treatment of container costs, bad debts and size of commission.