31 Aug 2018
HAI KUO SHIPPING 1201 LTD v. EVERWIN SHIPPING (HONG KONG) CO LTD AND OTHERS
- Citation
- [2018] HKCFI 1906
- Court
- Court of First Instance
- Case number
- HCAJ79/2014
Plaintiff proved contractual entitlement to the termination amount and related sums under the charterparty, Memorandum of Agreement and Deed of Guarantee; in the absence of defence the court entered judgment for the Plaintiff for US$8,262,950.93 with interest and costs, but limited the 2nd Defendant's liability for interest to prime +1% p.a. until judgment and for costs to party-and-party assessment given the Agreement did not unequivocally provide for higher obligations.