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In the case of Parbulk AS v Kristen Marine SA - 2010 EWHC 900 (Comm), the claimant was entitled to summary judgment on its claim for its "proven expenses including, but not limited to, legal costs and breakage cost with the Buyer's lenders" following the cancellation of memorandums of agreement for the purchase of four vessels
Sarah Choudhry, a Solicitor in our Dry Shipping Group, comments on a recent decision of the High Court on Forward Freight Agreements and the obligation to pay in the wake of the dramatic downturn in the freight market in 2008
This note provides a brief overview of the contractual mechanics of the Forward Freight Agreement Brokers Association’s standard contract (“the FFABA”), including a summary analysis of the key changes that the FFABA 2007 contract makes to the previous regime under the FFABA 2005 contract
