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Lloyd's Law Reports

PIONEER FREIGHT FUTURES CO LTD (IN LIQUIDATION) v COSCO BULK CARRIER CO LTD

[2011] 2 Lloyd's Rep. 409

QUEEN’S BENCH DIVISION (COMMERCIAL COURT)

Before Mr Justice Flaux

Contract — Forward freight agreements — Agreements terminating automatically on bankruptcy of defaulting party — Whether agreements expiring prior to automatic termination to be brought into “wash-out” calculation — ISDA 1992 Master Agreement, section 6(e).

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