Waiver of contractual rights

Parbulk II A/S v Heritage Maritime Ltd SA (The ‘Mahakam’) [2011] EWHC 2917 (Comm)

Edward Yang Liu.Legal Assistant, Reed Smith Richards Butler

Time charter – Whether right of termination waived by demand for future hire payment

The facts

This was an appeal to Eder J by charterers of an arbitration award made by London maritime arbitrators concerning the issue as to whether the shipowner was entitled to terminate a bareboat charterparty.