Lloyd's Law Reports Plus

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

CETO SHIPPING CORPORATION v SAVORY SHIPPING INC (THE “VICTOR 1”)

[2026] Lloyd's Rep. Plus 63

KING’S BENCH DIVISION (COMMERCIAL COURT)

Before Mrs Justice Cockerill

Charterparty (bareboat) – Construction – Title in vessel to transfer to charterer at the end of the charterparty where no sums due to owner or manager – Vessel arrested for crew claims and sold – “Sums due” under management agreement – Exposure to sanctions – Reasonable refusal to enter into charterparty – Termination of management agreement.

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