Ocean Clap Shipping Ltd v Global Offshore Services BV & Anor [2025] EWHC 1591 (Comm) (26 June 2025)

“Ben Nevis” and “Kailash” were each bareboat chartered by their respective Owners (C1 and C2) for 6 year terms to D1. After about 2 years, hire ceased to be paid and Cs claimed against D1 and Guarantors D2. The Court dismissed D1’s reliance on a “Repossession Agreement”

finding

D1 liable for some USD46.4m and USD30m respectively. It also dismissed D2’s reliance on the 6 year term of the Guarantees, holding that it required only that the liability arose in that period, not commencement of suit.

Read the full judgment here.