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Falkonera Shipping Co. v Arcadia Energy Pte. Ltd

25th Jan 2013

Falkonera Shipping Co. v. Arcadia Energy Pte. Ltd [2012] EWHC 3678 (Comm.) (20 December 2012) David Allen QC led Noel Casey in this case before Eder J. successfully claiming that the Owner of the Falkonera had unreasonably refused Arcadia’s requests to transfer crude oil in a ship-to-ship transfer operation from one VLCC to another VLCC.  The proposed operation was safe and the Owner had not reasonably objected to the transfer but had an unreasonable predisposition against such transfers.  VLCC-to-VLCC transfers were important to Arcadia’s business model which looked for economies of scale in a contango market.

To view the judgment click here.

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