The UK’s highest court will rule in a $2m contract and cargo dispute after a shipowner refused to accept payment in euros from a charterer linked to sanctioned Russian oligarch Oleg Deripaska.
A two-day hearing this week by the UK’s Supreme Court was brought by Dutch bulker specialist MUR Shipping which triggered a force majeure clause in its contract with charterer RTI four days after the US imposed sanctions on the metals magnate.
