VOYAGE CHARTER – EU AND UK SANCTIONS – REFUSAL TO LOAD CARGO – REPUDIATION – TIME BAR FOR DAMAGES CLAIM
Tonzip Maritime Ltd chartered the Catalan Sea to 2Rivers Pte Ltd under an "EPS Sanctions Clause," which allowed the owners to refuse loading if there was a sanctions risk. When the owners refused to load cargo from Neftisa, linked to a sanctioned individual, the charterers canceled the contract, leading to a damages claim by the owners.
