BUNGE SA v KYLA SHIPPING CO LTD (THE “KYLA”)
[2013] 1 Lloyd's Rep. 565
QUEEN'S BENCH DIVISION(COMMERCIAL COURT)
Before Mr Justice FLAUX
Charterparty (Time) – Frustration – Vessel damaged in course of time-chartered service – Cost of repairs exceeding sound market value of vessel – Owners warranting that vessel would be insured throughout currency of charter – Insured value exceeding cost of repairs – Whether charter frustrated.