BANCO CENTRAL S.A. AND TREVELAN NAVIGATION INC. v. LINGOSS & FALCE LTD. AND B.F.I. LINE LTD. (THE "RAVEN")
[1980] 2 Lloyd's Rep. 266
QUEEN'S BENCH DIVISION(COMMERCIAL COURT)
Before Mr. Justice Parker
Charter-party - Non-payment of hire - Sub-charterers guaranteed payment of hire due under bare-boat charter - Rights under bare-boat charter assigned to owners - Rights under assignment and guarantee assigned to bank - Whether bank could recover payment from sub-charterers - Whether sub-charterers could effect set-off.