Litigation Letter

Negotiation period expenses not allowed as general average

Mitsui & Co Ltd and Others v Beteiligungsgesellschaft LPG Tankerflotte MBH & Co KG and Another (The “Longchamp”) [2016] 2 Lloyd’s Rep 375, [2016] EWCA Civ 708, 13 July 2016

This is a decision on the scope of expenses allowable as general average in the York-Antwerp Rules 1974. In January 2009, the vessel known as The “Longchamp” was forcibly taken by Somali pirates, who demanded a ransom of US$6 million. The shipowner agreed a payment of US$1.8 million and paid this in March 2009.

The rest of this document is only available to i-law.com online subscribers.

If you are already a subscriber, click Log In button.

Copyright © 2024 Maritime Insights & Intelligence Limited. Maritime Insights & Intelligence Limited is registered in England and Wales with company number 13831625 and address 5th Floor, 10 St Bride Street, London, EC4A 4AD, United Kingdom. Lloyd's List Intelligence is a trading name of Maritime Insights & Intelligence Limited.

Lloyd's is the registered trademark of the Society Incorporated by the Lloyd's Act 1871 by the name of Lloyd's.