Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

ORIENT OVERSEAS MANAGEMENT AND FINANCE LTD. v. FILE SHIPPING CO. LTD. (THE “ENERGY PROGRESS”)

[1993] 1 Lloyd's Rep 355

QUEENS BENCH DIVISION(COMMERCIAL COURT)

Before Mr. Justice Gatehouse

Ship’s management - Implied term - End of term bonus payable on termination of charter by effluxion of time - Charter terminated prematurely by mutual agreement between charterers and owners - Whether term that owners would not do anything to deprive managers of end of term bonus should be implied.

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