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Commodities in Focus Weekly - Rhine Shipping DMCC v Vitol SA [2024] EWCA Civ 5801: Court of Appeal confirms approach to hedging and damages
The Court of Appeal recently dismissed an appeal by Rhine Shipping DMCC ("Rhine"), the disponent owner of a vessel chartered by Vitol SA ("Vitol"), a major trader in oil and petroleum products, in a dispute over the effect of internal hedging on the assessment of damages for breach of charterparty.
This article considers the decision and the court's approach to hedging and damages.
Click here to read more.