VAGRES COMPANIA MARITIMA S.A. v. NISSHO-IWAI AMERICAN CORPORATION (THE “KARIN VATIS”)

[1988] 2 Lloyd's Rep. 330

COURT OF APPEAL

Before Lord Justice Slade Lord Justice Croom Johnson and Lord Justice Lloyd

Charter-party (Voyage) - Freight - Vessel carried additional cargo - Charterers paid 95 per cent. of freight - Vessel lost on voyage - Whether owners entitled to last 5 per cent. of freight and accrued load port demurrage - Whether owners entitled to additional freight for additional cargo.