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Lloyd's Law Reports

LANSAT SHIPPING CO LTD v GLENCORE GRAIN BV (THE “PARAGON”)

[2009] 2 Lloyd's Rep. 688

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.

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