Reviews & Ratings for the Mabrokah

On July 6, 2016, a landmark ruling emerged from the Supreme Court of the United Kingdom regarding the case of the vessel 'GLOBAL SANTOSH' (IMO Number: 1234567). In a decisive majority of four to one, with Lord Clarke presenting a dissenting opinion, the Supreme Court reversed the previous ruling made by the Court of Appeal, thus siding with the charterers, Cargill. This ruling reinstated the original decision made by the arbitrators in 2012, declaring that the vessel in question was deemed off hire during the period it was arrested by the sub-charterer. This arrest was initiated to secure a claim against the buyers and receivers involved in a sale contract, which the court determined was not covered by an exception in the off hire clause. This decision marks a significant development in maritime law and charter agreements. For further details, you can explore more about this case here: http://www.lexology.com/library/detail.aspx?g=ad2030f2-ab3c-42ac-bcb0-e32d19d8e309.

In a significant maritime transaction, a vessel has been sold to buyers from Hong Kong for a total of $8.6 million. This deal highlights the continuing interest of Hong Kong investors in the maritime sector, showcasing their commitment to expanding their fleet and operations.