2 Dec 2013
ASSET WONDER LTD v. STELLAR SHIPPING CO. LLC, THE BAREBOAT CHARTERER OF THE SHIP “RUBY STAR”
- Citation
- ASSET WONDER LTD v. STELLAR SHIPPING CO. LLC, THE BAREBOAT CHARTERER OF THE SHIP “RUBY STAR”
- Court
- Court of First Instance
- Case number
- HCAJ129/2013
Court held that plaintiff was entitled to judgment on admissions in rem for the amounts admitted by the defendant; the charterparty gave the owner a sole discretion to sell the vessel (clause 26.4) which negates the defendant's argument that the owner breached clause 27.2 by declining a private sale; clause 27.3 does not require the owner to sell before seeking judgment; defendant failed to show a defence to the AED 7,761,931.95 claim so summary judgment was granted for that AED sum, while defendant was given leave to defend the USD 924,195.46 claim.