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Does a termination notice alone end a demise charter without physical repossession?
Owners and Parties Interested in M.V. Nereus Progress vs Om Freight Forwarders Ltd.
The Supreme Court vacated the arrest of M.V. Nereus Progress, holding that a valid termination notice under the bareboat charterparty extinguished Nereides' demise charterer status before the date of arrest, making the arrest unsustainable under Section 5(1)(b) of the Admiralty Act.
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