Navig8 Chemicals Pool Inc v Glencore Agriculture BV (The “Songa Winds”) [2018] EWCA Civ 1901

Terms of letter of indemnityThe facts Under a pool agreement dated 27 November 2013, Songa Winds, which was an oil and chemical tanker, was time-chartered to Navig8, on time-charter terms based on an amended Shelltime 4 form.

On 2 February 2016 Navig8 fixed the vessel on voyage terms based on an amended Vegoilvoy form to Glencore, to carry a minimum of 19,000 mt of crude sunflower seed oil from Ilyichevsk, Ukraine to New Mangalore/Kakinada, India at Glencore’s option.