Lloyd's Law Reports Plus

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

TONZIP MARITIME (SINGAPORE) PTE LTD (FORMERLY NAMED TONZIP MARITIME LTD) v 2RIVERS PTE LTD (FORMERLY NAMED CORAL ENERGY PTE LTD)

[2026] Lloyd's Rep. Plus 57

COURT OF APPEAL

Before Lord Justice Coulson , Lord Justice Zacaroli and Lord Justice Foxton

Charterparty (voyage) – Sanctions – Vessel having given notice of readiness – Charterers ordering lifting of a cargo of Russian oil – Owners refusing – EPS Sanctions Clause, sub-clause (C) – Reasonable judgment of owners – Risk of exposure to sanctions.

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