Pan Ocean Shipping Co Ltd v Creditcorp Ltd: CA 1 Feb 1994

(The Trident Beauty) Assignee not obliged to repay advance payment for non-performance.

Citations:

Times 01-Feb-1994

Jurisdiction:

England and Wales

Citing:

See AlsoPan Ocean Shipping Co Ltd v Creditcorp Ltd CA 24-Mar-1993
(The Trident Beauty) Advance payments made under a charterparty contract were not recoverable the assignees when the charter became ineffective. Such contracts were provisional as between the original parties, but did not retain that characteristic . .

Cited by:

Appeal fromPan Ocean Shipping Ltd v Creditcorp Ltd HL 1-Feb-1994
(The Trident Beauty) Charter hire, payable by the charterers 15 days in advance, had been assigned to a third party. The appeal related to hire duly paid in advance for a 15 day period, throughout the whole of which the vessel proved in fact to be . .
Lists of cited by and citing cases may be incomplete.

Contract

Updated: 11 July 2022; Ref: scu.84551