[1998] 1 Lloyd’s Rep. 528

Richard Southern – Contract – Joint venture agreement – Construction – Joint venture to cover Atlantic, Far East liners service and worldwide tramp/bulk service – True geographical scope of joint venture – Whether plaintiffs entitled to compete with joint venture – Whether terms on which vessels and cargoes transferred between plaintiffs and joint venture subject to fiduciary principles – Identification of voyages which were part of joint venture – Treatment of container costs, bad debts and size of commission