Fulton Shipping Inc of Panama v. Globalia Business Travel SAU (The “New Flamenco”) – Court of Appeal [2015] EWCA Civ 1299, 21 Dec 2015
On 28 June 2017 the Supreme Court overruled the Court of Appeal and reinstated the Comm. Court’s ruling. I.e. After repudiating the charter party, charterer is not entitled to a credit for the difference in diminished value between when the vessel was sold in 2007 versus had it been sold in 2009 when it was to have...
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