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Priyanka Shipping Ltd v Glory Bulk Carriers Pte Ltd (The “Lory”) – QBD (Comm Ct) (David Edwards QC sitting as a High Court Judge) [2019] EWHC 2804 (Comm) – 28 October 2019

Lloyd's Maritime Law Newsletter

Priyanka Shipping Ltd v Glory Bulk Carriers Pte Ltd (The “Lory”) – QBD (Comm Ct) (David Edwards QC sitting as a High Court Judge) [2019] EWHC 2804 (Comm) – 28 October 2019

Sale of ship – Buyer contracting to scrap vessel and not to use her for trading – Buyer trading vessel in breach of agreement – Whether seller entitled to injunction – Whether damages adequate remedy – Whether seller entitled to “negotiating damages” – Whether buyer entitled to declaration that seller limited to nominal damages

The defendant seller sold its 2002-built Capesize bulk carrier CSK Glory to the claimant buyer under a Memorandum of Agreement on an amended Saleform 1993 form dated 26 April 2019 (the MOA). Following the delivery of the vessel to the buyer she was renamed Lory .

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