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On 5 June 2014, the Court of Appeal dismissed the appeal of the owners of Falkonera, a very large crude carrier (VLCC) against the judgment of Mr Justice Eder.
The dispute arose under a memorandum agreement for the sale of a vessel on Norwegian Saleform 1993 terms.
Charles Priday of 7KBW acted for the successful appellants in BAT v Exel Europe and others  EWCA Civ 1319.
In May 2006, the Alexandros T sank off the shore of South Africa; her owners commenced proceedings in the Commercial Court against the vessel’s insurers for an indemnity.
At a trial of the action, Mr Justice Field held that there had been a breach of the typhoon warranty.
In 2009, the vessel NANCY was totally lost by fire at Nakhodka. The owner of the vessel claimed an indemnity under a marine insurance policy from their hull insurer for the constructive total loss of the vessel.