Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

WORLD MAGNATE SHIPPING LTD. v. REDERI A/B SOYA

[1975] 2 Lloyd's Rep. 498

QUEEN'S BENCH DIVISION(COMMERCIAL COURT)

Before Mr. Justice Donaldson

Charter-party (Time) - Insurance (War risk) - Owner's obligation to insure vessel for hull and machinery risks and war risks - Clause in charter-party providing that charterers to reimburse owners if extra premium paid in respect of war risks - Whether owners entitled to be reimbursed if change in premium rates - New York Produce Exchange Time Charter, cl. 47.

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