Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

MONROVIA TRAMP SHIPPING CO. v. THE PRESIDENT OF INDIA (THE "PEARL MERCHANT")

[1978] 2 Lloyd's Rep. 193

QUEEN'S BENCH DIVISION(COMMERCIAL COURT)

Before Mr. Justice Donaldson

Charter-party (Voyage)-Demurrage-Payment to be made in U.S. dollars-Charterers made payments in sterling-Whether charterers' obligations discharged-Whether charterers liable for shortfall-Rate of exchange applicable.

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