Late Payments Lose Ships – Commercial Court Rejects Bareboat Sale Obligation

Clarity of a contractual purchase obligation in a bareboat charterparty is key, a fact emphasised by the UK Commercial Court’s judgment of earlier this year in Ceto Shipping Corporation (“Ceto”) v Savory Shipping Inc (“Savory”) [2025] EWHC 2033 (Comm).

BACKGROUND

Savory as owners chartered the Victor I to Ceto under a bareboat charterparty in February 2019, for a period of 36 months. The vessel was managed by Delfi S.A. (“Delfi”). A later addendum introduced a purchase obligation into the charter

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