Charterparty

Golden Strait Corporation v Nippon Yusen Kubishka [2007] UKHL 12

Period time charterparty – assessment of damages where contract contained a clause permitting cancellation in the event of war – Second Gulf War – war unlikely at time of breach but a fact at time of submission to arbitration – time of assessment of damages where there is an available market and a ‘suspensory’ clause in contract