Gravelor Shipping Ltd v GTLK Asia M5 Ltd and Another [2023] EWHC 131 (Comm) - King's Bench Division (Foxton J) - 27 January 2023

Bareboat charterparty - Charterer given option to purchase on termination of charterparty - Sanctions imposed upon owners - Default in payment - Whether charterers entitled to title following payment required by charterparty - Effect of sanctions imposed upon payment

The claimant, Gravelor, a Cypriot company, was the bareboat charterer of two bulk carriers, WL Totma and WL Kirillov, under two charterparties dated 24 June 2019 and 16 July 2019. The charterparties were governed by English law.