ORIENT OVERSEAS MANAGEMENT AND FINANCE LTD. v. FILE SHIPPING CO. LTD. (THE “ENERGY PROGRESS”)
[1993] 1 Lloyd's Rep. 355
QUEENS BENCH DIVISION(COMMERCIAL COURT)
Before Mr. Justice Gatehouse
Ship’s management - Implied term - End of term bonus payable on termination of charter by effluxion of time - Charter terminated prematurely by mutual agreement between charterers and owners - Whether term that owners would not do anything to deprive managers of end of term bonus should be implied.