This is an important decision for all those who use the Norwegian Sale Form 2012. The Supreme Court has now held that a Buyer can claim loss of bargain damages under clause 14 of that contract if certain conditions arise. Tracking back, readers of our blog may wish to see wh[...]
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Over the last few years, tanker owners have reaped large profits from selling their older tonnage to (in many cases) newly established buyers who have set up in various jurisdictions ranging from Dubai to Hong Kong. But who are these buyers and what are their intentions for [...]
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This question takes me back to my Ince days when we acted for the owners of the Happy Day in a battle against Richards Butler/Glencore. At first instance (1) , it was held that an invalid NOR tendered by the owners meant that laytime could not run at all and as such there co[...]
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