Owners and Parties Interested in M V Nereus Progress v. Om Freight Forwarders Ltd
2026 INSC 105525 September 202615 min read
Supreme Court: Valid Termination Notice Ends Demise Charter, Physical Repossession Not a Precondition
The Supreme Court held that a validly issued termination notice under a bareboat charter ends the demise charterer's status, and physical repossession is not a precondition for termination.
Case Snapshot
- Case Name
- Owners and Parties Interested in M.V. Nereus Progress v. Om Freight Forwarders Ltd.
- Citation
- 2026 INSC 1055
- Bench
- Chief Justice Surya Kant, Justice Joymalya Bagchi, and Justice V. Mohana
- Date of Judgment
- September 25, 2026
- Area of Law
- Admiralty Law — Admiralty (Jurisdiction and Settlement of Maritime Claims) Act, 2017 — Demise Charter — Vessel Arrest — Section 5
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