UniCredit Bank A.G. (claimant/appellant) v Euronav N.V. (defendant/respondent)
Tuesday 28 – Wednesday 29 March 2023
By Appellant’s Notice filed on 19 May 2022, the Claimant appeals the Order of Mrs Justice Moulder DBE dated 28 April 2022.
Background – This is a claim for damages brought by the claimant Bank, the lawful holder of the Bill of Lading (“the Bill”) for the alleged breach by the Defendant of the Bill by delivering (part of) a cargo of low sulphur oil fuel to a third party requiring production of the Bill. The Bank’s case is that Owners’ action was a breach of the contract contained in and evidenced by the Bill. The Bank lost its security interest in the Financed Cargo as a result and claims damages of US$24,701,600.