Commodities in Focus Weekly - Issue 144
The High Court has clarified what constitutes “reasonable judgment” in relation to sanctions clauses in charterparties and Owners’ ability to refuse Charterers’ orders. On 31 July 2025 the High Court handed down its judgment in Tonzip Maritime Ltd v 2Rivers Pte Ltd (formerly named Coral Energy Pte Ltd) [2025] EWHC 2036 (Comm) in which it confirmed the position that speculation is not sufficient to permit reliance on the sanctions provisions of a charterparty to refuse performance.
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