Transfield Shipping Inc v Mercator Shipping Inc (The “Achilleas”) – House of Lords (Lord Hoffmann, Lord Hope of Craighead, Lord Rodger of Earlsferry, Lord Walker of Gestingthorpe and Baroness Hale of Richmond) – 9 July 2008

Charterparty – Late redelivery under time charter – Damages – First limb of “Hadley v Baxendale” – Whether owners’ damages limited to difference between market rate and charter rate for overrun period – Whether owners entitled to damages for loss of profits under subsequent fixture

(2008) 749 LMLN 1