Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

GEOGAS S.A. TRAMMO GAS LTD. (THE “BALEARES”)

[1991] 2 Lloyd's Rep. 318

HOUSE OF LORDS

Before Lord Bridge of Harwich, Lord Brandon of Oakbrook, Lord Griffiths, Lord Jauncy of Tullichettle and Lord Lowry

Charter-party(Voyage) - Cancellation - Vessel and substitute vessel unable to meet e.t.a. and cancelling dates - Arbitrators held charterers entitled to recover loss caused by increase in market price due to “hype” - Judge held damages irrecoverable - Leave to appeal refused - Whether leave to appeal should be granted - Arbitration Act 1979 s.1(7)(b).

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