Read the full judgment text of HCA 000446/1977 on BabelCite. This High Court CFI judgment.
1. The plaintiff and the first defendant engaged in a joint venture to operate a merchant vessel called "Quarry Bay" trading between ports in the Far East and the Middle East over a period of eight months the basis of the venture being that they would share the profits realised from freight charges levied in respect of goods shipped between these ports. For this purpose they entered into a charter-party agreement with a firm known as "Narcissus" to charter the "Quarry Bay" for the eight month pe