Lloyd's Law Reports

Professor Robert Merkin KC; Dr Johanna Hjalmarsson

Document

GEOGAS S.A. v. TRAMMO GAS LTD. (THE “BALEARES”)

[1991] 1 Lloyd's Rep. 349

COURT OF APPEAL

Before Lord Justice Dillon, Lord Justice Ralph Gibson and Lord Justice Leggatt

Charter-party (Voyage) - Cancellation - Vessel and substitute vessel unable to meet e.t.a. and cancelling dates - Arbitrators held charterers entitled to recover loss caused by increase in market price due to “hype” - Judge held damages irrecoverable - Leave to appeal refused - Whether leave to appeal should be granted - Arbitration Act 1979 s.1(7)(b).

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