OCM Maritime Nile LLC and Another v Courage Shipping Co and Others (The Courage and The Amethyst) [2022] EWCA Civ 1091, Court of Appeal (Lord Justice Underhill, Lord Justice Newey and Lord Justice Males) – 29 July 2022

Bareboat charterparty – Event of Default – Owners repossessing vessel – Whether owners were required to serve notice of default before repossessing vessel – Whether loss of charterers’ right to purchase vessel following Event of Default was a penalty – Relief from forfeiture – US sanctions

This was an appeal from the decision of Sir Andrew Smith.