Progress Bulk Carriers Ltd v Tube City IMS LLC (The “Cenk Kaptanoglu”) – QBD (Com Ct)(Cooke J) – 17 February 2012
Charterparty – Duress – Owners repudiating voyage charterparty by chartering named vessel to different party – Charterers entering into settlement agreement with owners under protest to accept substitute vessel with different laycan and to waive all claims for loss and damage – Whether settlement agreement voidable for economic duress – Whether owners’ conduct amounted to illegitimate pressure
(2012) 843 LMLN 2
Charterparty, Hire Rate/Payment

