THE "CHLOE V"

[2025] SGHC 142, General Division of the High Court of Singapore, S Mohan J, 28 July 2025

Contract - Clause requiring mortgagee bank's approval of charterparty - Bank refusing to issue letter of quiet enjoyment in favour of charterer - Discretion – Whether bank in breach of duty - Braganza duty - Implied terms - Mortgagee's duty to not interfere with contractual performance by mortgagor

The bank had provided finance for the shipowner to purchase four vessels including the very large crude carrier Chloe V against mortgages on the vessels. English law applied.