TERKOL REDERIERNE v. PETROLEO BRASILEIRO S.A. AND FROTA NACIONAL DE PETROLEIROS (THE "BADAGRY")
[1985] 1 Lloyd's Rep. 395
COURT OF APPEAL
Before Sir John Donaldson, M.R., Lord Justice Lloyd and Sir John Megaw
Charter-party (Time) - Repudiation - Vessel a constructive total loss - Whether charter survived loss of vessel - Whether owners entitled to exercise substitution option - Whether charterers' conduct amounted to repudiation.