COMPANIA FINANCIERA "SOLEADA" S.A., NETHERLANDS ANTILLES SHIPS MANAGEMENT CORPORATION LTD. AND DAMMERS AND VAN DER HEIDE'S SHIPPING AND TRADING CO. LTD. v. HAMOOR TANKER CORPORATION INC. (THE "BORAG")

[1981] 1 Lloyd's Rep. 483

COURT OF APPEAL

Before Lord Denning, M.R., Lord Justice Shaw and Lord Justice Templeman

Agency - Ship's management - Agreement between owners and managers - Whether relationship of trustee and beneficiary created - Whether managers' conduct in breach of obligations - Whether owners could recover costs incurred in mitigation.