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Interpretation of contracts in sale and leaseback of vessels
- Reed Smith LLP
- -
- United Kingdom
- -
- April 30 2010
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
Whether charterer entitled to claim tax benefit on termination of ship finance lease
- Reed Smith LLP
- -
- United Kingdom
- -
- April 30 2010
In the case of Golden Sunsets Navigation (UK) Ltd v Lloyds Portfolio Leasing Ltd 2010 EWHC 703 (Comm), where the sale of a ship at the end of a finance lease gave rise to a tax loss for the lessor, there was no provision in the lease on its correct interpretation allowing the charterer to claim the amount of that tax benefit
Interpretation of contracts in sale and leaseback of vessels
- Reed Smith LLP
- -
- United Kingdom
- -
- April 30 2010
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
