Nautica Marine Ltd v Trafigura Trading LLC (The “Leonidas”) – English Commercial Court: Foxton J: [2020] EWHC 1986 (Comm): 28 July 2020

VOYAGE CHARTER - APPROVAL OF A VESSEL - DAMAGES FROM BREACH OF CHARTER - PRE-CONDITION OF CHARTER - PERFORMANCE CONDITION OF CONTRACT - IMPLIED OBLIGATIONS OF CHARTERER - PUTATIVE LOSS OF PROFITS – BREACH OF CHARTER Nautica (Owner) negotiated a prospective voyage charter of the tanker "Leonidas" with Trafigura (Charterer) for a laden voyage carrying oil cargoes. The charter was subject to obtaining suppliers' approval of the vessel within a four-day deadline. When the deadline passed without Trafigura obtaining suppliers' approval, the charter was abandoned. Nautica claimed damages for the charterer's alleged breach of charter of the difference between the profit it would have gained on the prospective charter and the (lesser) profit made on the fixture entered.
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