Suppose I want to hire a ship to transport cargo from Felixstowe to Rotterdam. The shipowner may (understandably) be concerned about my tardiness when loading and unloading the vessel. As a result, our contract may stipulate a rate at which I need to load and unload the cargo. If I take longer than agreed, I must pay the shipowner some predetermined monetary sum as liquidated damages (“demurrage”). Now, suppose that my tardiness causes not only a delay in the voyage, but also some other loss, such as damage to some perishable cargo on board the vessel. Is the shipowner limited to recovering the agreed daily sum from me, or is it entitled to recover that agreed sum and also compensation for the cargo damage? In K Line Pte Ltd v Priminds Shipping (HK) Co Ltd (The Eternal Bliss),1 the Court of Appeal held that the shipowner can recover only the agreed daily sum.2 This note argues that the Court of Appeal’s reasoning is flawed.