Vessel Arrest Vacated, Valid Charter Termination Ends Demise Charter Before Physical Repossession: Supreme Court
The Supreme Court on 25 September 2026 allowed an appeal by the registered owner of M.V. Nereus Progress and set aside a Madras High Court order that had continued the vessel’s arrest. The dispute involved Om Freight Forwarders Ltd., which had a separate Bareboat Charterparty with Nereides Marine Services for its vessel M.V. Bharadwaj. Nereides had also taken M.V. Nereus Progress on a bareboat charter from its registered owner under…
