SY RORO 1 PTE LTD & anr (claimants/respondents) v ONORATO ARMATORI S.R.L. & Ors (defendants/appellants)
Friday 19 April 2024
Application for permission to appeal the orders of Sir William Blair, sitting as a Judge of the High Court, sitting in the Commercial Court, dated the 25 March and 8 April 2024.
The issue in the case relates to two Ro-Ro ferries which were the subject of a series of back-to-back bareboat charters entered into by way of the financing of the acquisition of the vessels by the charterers from the owners (who also owned the yard where the vessels were built). The owners’ case is that the charters have been validly terminated and they are entitled to redelivery. Orders for redelivery have been made by an arbitral tribunal under the head charterparties, but not complied with. The charterers (using that term generically) deny that the charters have been validly terminated, alternatively submit that they are entitled to relief against forfeiture.