In the second of our Quadcast Shipping Specials, our team will be looking at a second ill-fated voyage, this time culminating in delivery against back-to-back LOIs.

As previously, Covid-19 is rearing its head: this time causing delays in the banking chain and restricted discharge port facilities.  Discharge is requested to receivers without production of bills of lading, into a shore side warehouse which is identified by the port agents.  Head Owners comply with the request without asking too many questions, primarily because the port is at risk of being locked down due to the increase in Covid-19 cases. Subsequently the Vessel is arrested by the receivers’ financing bank and damages are claimed for misdelivery against the Head Owners.  There is a chain of potential litigation targets, each of whom has issued a back to back LOI, under which injunctive relief is being considered.  But not all of the parties have means or readily identifiable assets.

The discussions will be led by Nigel Cooper QC, Chris Smith QC, Saira Paruk and Paul Henton, and are set to include:-

• Legal and practical advice on seeking injunctive relief
• Construction of LoIs – possible pitfalls and how to avoid them
• Relevant legal thresholds and problems of proof
• Security/ counter-security requirements
• Much more!

For a detailed copy of the scenario, please contact: marketing@quadrantchambers.com.