SINOKOR MERCHANT MARINE CO LTD v THE OWNERS AND/OR DEMISE CHARTERERS OF THE SHIP OR VESSEL “MARCATANIA”

Read the full judgment text of HCAJ 138/2008 on BabelCite. This HCAJ judgment was delivered on 2 December 2011.

1. In June 2008 Sinokor entered into a Vessel Sharing Agreement (VSA) with C& Line and TS Lines.  By the VSA each party agreed to share its designated vessels and the capacity (slots) thereon for the carriage of containers consigned to the other party.   The VSA envisaged that the ships contributed by a party to the pool of available vessels could include ships which were chartered or owned by the party.