LANSAT SHIPPING CO LTD v GLENCORE GRAIN BV (THE "PARAGON")
[2009] Lloyd's Rep Plus 90
COURT OF APPEAL
Before Lord Clarke of Stone-Cum-Ebony MR, Lord Justice Goldring and Lord Justice Patten
Charterparty (Time) - Late redelivery - Charterparty clause providing that in event of late redelivery charterers will pay market rate of hire from 30th day before contractual redelivery date until actual redelivery - Whether clause a penalty.