345. Progress Bulk Carriers Limited v Tube City IMS LLC (the “Cenk Kaptanoglu”) [2012] EWHC 273 (Comm)

Voyage charter – settlement agreement extracted by owners after an unlawful repudiation held void for duress

The facts

Owners let their vessel on an amended Gencon form for the carriage of shredded scrap from the Mississippi River to China.  There was no right of substitution and a laycan period of six days was agreed.

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