Ince & Co looks at passing costs liability down a charterparty chain
The judgment in Occidental Chartering Inc v Progress Bulk Carriers Ltd (The Chada Naree)  EWHC 3515 (Comm) deals with the recoverability of the costs of an arbitration as damages in a series of arbitration references, notwithstanding the absence of an arbitration reference for one of the links in the charterparty chain.
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The Astra: single hire default entitles owners to withdraw and claim loss of profit for remaining charter period
A Commercial Court judge has decided that a failure to pay hire under an NYPE charterparty amounts to a breach of condition, entitling a ship-owner to terminate and seek damages.
Time charterer Cargill withheld hire from disponent owners NYK pursuant to a period off-hire clause in a time trip charter on amended NYPE terms.
Analysis from The Lawyer
Professional indemnity cases keep hitting the court lists as settlement values continue to rise