Dry Log Bulk Carriers v Phaethon International Co SA (The “Bulk Indonesia”) – QBD (Comm Ct) (Leggatt J) [2016] EWHC 3798 (Comm) – 25 November 2016

Charterparty – BIMCO Piracy Clause – Meaning of phrase “additional insurance costs” in subcharter

On 3 July 2013 the claimant disponent owners of the vessel Bulk Indonesia chartered her to the defendant charterers on the NYPE form for a time charter trip via Black Sea East with a minimum guaranteed duration of 65 days.