NEWS & ARTICLES A well-known term in the shipping business and customary guest in charterparties, demurrage is understood as “a sum agreed by the charterer to be paid as liquidated damages for delay beyond a stipulated or reasonable time for loading and unloading, generally referred to as the laydays or laytime” (Scrutton on Charterparties, 24th…

The Supreme Court in London has delivered a much expected judgment settling down a dispute on damage compensation principles, the text stands as an interesting fresh take on damages assessment in GAFTA sales contracts. This decision on an appeal and cross-appeal on the Court of Appeals jurisdiction touches on the limits and powers that said…

Disobedience and contempt of Court The commercial Court in London has ruled a very interesting judgment arising out of a sales of goods case where the matter escalated into contempt of court charges addressing the responsibility of two company Directors. In a nutshell, ADM and Copragri (GHI), two companies trading Companies in the market of…