The High Court recently handed down judgment in Hyundai Merchant Marine Co Ltd v Trafigura Beheer BV (The Gaz Energy No.2) [2012] EWHC 1686 (Comm). This decision will be of importance to both Owners and Charterers of time-chartered vessels where the word “about” is used in the charterparty in respect of the vessel’s consumption. The High... Continue Reading