PIONEER FREIGHT FUTURES CO LTD (IN LIQUIDATION) v TMT ASIA LTD

[2011] 2 Lloyd's Rep. 96

QUEEN’S BENCH DIVISION (COMMERCIAL COURT)

Before Mrs Justice Gloster

Contract — Forward freight agreements — Earlier agreements concluded on FFABA 2005 Terms — Later agreements concluded on FFABA 2007 Terms — Claimant suffering bankruptcy Event of Default — Whether FFABA 2007 Terms applying retrospectively to earlier agreements — Whether Automatic Early Termination applied — Construction of FFABA Terms 2007, clauses 10, 21(b) and 21(d) — ISDA 1992 Master Agreement, section 6(e).