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Commodities in Focus Weekly - Does an instruction to issue delivery orders constitute conversion?
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Commodities in Focus Weekly: Unicredit Bank A.G v Euronav N.V. [2023] EWCA Civ 471
Summary
- The Court of Appeal addressed the question: what is the status of a bill of lading in the hands of voyage charterers after they have ceased to be charterers under the terms of a novation of the charterparty?
- The Court found that, following novation, the bill of lading was not a mere receipt but became evidence of the contract of carriage.
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