LANSAT SHIPPING CO LTD v GLENCORE GRAIN BV (THE “PARAGON”)
[2009] 2 Lloyd's Rep. 688
COURT OF APPEAL
Before Lord Clarke of Stone-Cum-Ebony MR, Lord Justice Goldring and Lord Justice Patten
Charterparty (Time) — Late redelivery — Charterparty clause providing that in event of late redelivery charterers will pay market rate of hire from 30th day before contractual redelivery date until actual redelivery — Whether clause a penalty.