Lloyd's Maritime Law Newsletter
Mitsui OSK Lines Ltd v Salgaocar Mining Industries Pvt Ltd (The “Unta”) – QBD (Comm Ct) (Eder J) [2015] EWHC 565 (Comm)– 16 February 2015
Charterparty – Guarantee – Owners claiming damages against guarantor following repudiatory breach by charterers – Whether guarantee enforceable – Whether brokers had authority to conclude guarantee – Whether guarantee in writing – Whether guarantee signed by guarantor – Whether guarantor in breach – Quantum of damages
The
claimant shipowner chartered its vessel
Unta
to Trustworth Shipping Pte Ltd under a long-term time charter. The vessel
was delivered into Trustworth’s service on 18 August 2009 for a minimum period
ending on 18 May 2019. The charterparty contained a London arbitration and
English law clause.