No frustration of charterparty where cost of repairing vessel exceeded her market value
The principal issue in this case was whether a time charterparty was frustrated after the vessel was involved in a collision and the costs of repairing the vessel exceeded her market value.
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Briefings from Ince & Co
Ince & Co has published the April 2013 edition of its International Trade and Commodities Legal Update.
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.
Analysis from The Lawyer
Professional indemnity cases keep hitting the court lists as settlement values continue to rise