COLONIAL BANK v. EUROPEAN GRAIN & SHIPPING LTD. (THE “DOMINIQUE”)
[1988] 1 Lloyd's Rep. 215
COURT OF APPEAL
Before Lord Justice Fox Lord Justice Croom Johnson and Lord Justice Mustill
Charter-party (Voyage) - Freight - Non-payment - Bank gave notice of assignment to charterers - Vessel arrested by creditor - Owners unable or unwilling to continue voyage - Charterers incurred transhipment costs - Whether bank entitled to claim freight from charterers - Whether charterers entitled to right of set off.