Ceto Shipping Corporation v Savory Shipping Inc [2025] EWHC 2033 (Comm)

On expiry of a 3 year bareboat C/P, Owners (Savory) were obliged to transfer title of the Vessel to Charterers (Ceto) if the latter had “paid all… sums due under this Charter and… under … [a] Management Agreement with [a 3rd party].” Despite earlier termination of the Management Agreement, sums remained due under it at the end of the C/P. The Court upheld Savory’s refusal to transfer title, ruling that the right was available only at the precise expiry of the C/P term and even later payment by Ceto of the sums would not revive the transfer obligation.

Read the full judgment here.