Do you want BuboFlash to help you learning these things? Or do you want to add or correct something? Click here to log in or create user.



Tags
#contract #law #remedies
Question
In the more recent House of Lords case of Transfield Shipping Inc of Panama v Mercator Shipping Inc of Monrovia, The Achilleas [2009] 1 AC 61, Transfield chartered The Achilleas from Mercator. Transfield were late in the redelivery of the vessel. Mercator had entered into a subsequent charterparty to follow immediately upon the return of The Achilleas. Due to extreme volatility in the shipping charter market, the price of charters had fallen quickly and Mercator were forced to take a much lower price for The Achilleas for the subsequent charter than had previously been agreed due to Transfield's late return. Mercator argued that they should be entitled to the reduced rate of hire for the duration of the subsequent charter. Transfield argued that Mercator should be limited to the reduced rate of hire for the period of late delivery. The House of Lords found for Transfield. It is not yet clear how the case will affect the rules relating to remoteness as two of their Lordships seemed to place emphasis on the fact that Transfield did not assume responsibility for the drop in market rate. Perhaps the best way to view the case, until clarification is received as to its interpretation, is that [...].
Answer
it confirms the 'not unlikely' test of The Heron II as this is the language used in the case

Tags
#contract #law #remedies
Question
In the more recent House of Lords case of Transfield Shipping Inc of Panama v Mercator Shipping Inc of Monrovia, The Achilleas [2009] 1 AC 61, Transfield chartered The Achilleas from Mercator. Transfield were late in the redelivery of the vessel. Mercator had entered into a subsequent charterparty to follow immediately upon the return of The Achilleas. Due to extreme volatility in the shipping charter market, the price of charters had fallen quickly and Mercator were forced to take a much lower price for The Achilleas for the subsequent charter than had previously been agreed due to Transfield's late return. Mercator argued that they should be entitled to the reduced rate of hire for the duration of the subsequent charter. Transfield argued that Mercator should be limited to the reduced rate of hire for the period of late delivery. The House of Lords found for Transfield. It is not yet clear how the case will affect the rules relating to remoteness as two of their Lordships seemed to place emphasis on the fact that Transfield did not assume responsibility for the drop in market rate. Perhaps the best way to view the case, until clarification is received as to its interpretation, is that [...].
Answer
?

Tags
#contract #law #remedies
Question
In the more recent House of Lords case of Transfield Shipping Inc of Panama v Mercator Shipping Inc of Monrovia, The Achilleas [2009] 1 AC 61, Transfield chartered The Achilleas from Mercator. Transfield were late in the redelivery of the vessel. Mercator had entered into a subsequent charterparty to follow immediately upon the return of The Achilleas. Due to extreme volatility in the shipping charter market, the price of charters had fallen quickly and Mercator were forced to take a much lower price for The Achilleas for the subsequent charter than had previously been agreed due to Transfield's late return. Mercator argued that they should be entitled to the reduced rate of hire for the duration of the subsequent charter. Transfield argued that Mercator should be limited to the reduced rate of hire for the period of late delivery. The House of Lords found for Transfield. It is not yet clear how the case will affect the rules relating to remoteness as two of their Lordships seemed to place emphasis on the fact that Transfield did not assume responsibility for the drop in market rate. Perhaps the best way to view the case, until clarification is received as to its interpretation, is that [...].
Answer
it confirms the 'not unlikely' test of The Heron II as this is the language used in the case
If you want to change selection, open original toplevel document below and click on "Move attachment"

Parent (intermediate) annotation

Open it
two of their Lordships seemed to place emphasis on the fact that Transfield did not assume responsibility for the drop in market rate. Perhaps the best way to view the case, until clarification is received as to its interpretation, is that <span>it confirms the 'not unlikely' test of The Heron II as this is the language used in the case.<span><body><html>

Original toplevel document (pdf)

cannot see any pdfs

Summary

statusnot learnedmeasured difficulty37% [default]last interval [days]               
repetition number in this series0memorised on               scheduled repetition               
scheduled repetition interval               last repetition or drill

Details

No repetitions


Discussion

Do you want to join discussion? Click here to log in or create user.