The UK high court has ruled that trader Glencore must indemnify Songa Chemical and Navig8 Chemical Pool against a tanker cargo claim by Societe Generale (SocGen).
Justice Andrew Baker found that letters of indemnity (LOIs) applied in the case of a shipment of 19,000 tonnes of sunflower seed oil on the 20,000-dwt Songa Winds (built 2009) in 2016.
Songa owned the ship, which was time chartered to Navig8 and then chartered by Glencore for the voyage from Ilychevsk, Ukraine, to India.
