Briety Shipping Inc v Trafigura Maritime Logistics Pte Ltd
In Briety Shipping Inc v Trafigura Maritime Logistics Pte Ltd [2026] EWHC 1714 (Comm), the High Court held that a bespoke hire rate formula for an LNG time charterparty did not entitle the owner to additional hire when the relative value of the reference indices inverted as a consequence of the Russia-Ukraine invasion. The decision ...
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