Lloyd's Law Reports Plus

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

PROGRESS BULK CARRIERS LTD v TUBE CITY IMS LLC (THE "CENK K")

[2012] Lloyd's Rep Plus 26

QUEEN’S BENCH DIVISION (COMMERCIAL COURT)

Before Mr Justice Cooke

Charterparty (Voyage) - Duress - Owners repudiating charterparty by chartering named vessel to different party - Charterers entering into settlement agreement with owners under protest to accept substitute vessel with different laycan and to waive all claims for loss and damage - Whether settlement agreement voidable for economic duress - Whether owners' conduct amounted to illegitimate pressure.

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