Charterparty

Golden Strait Corporation v Nippon Yusen Kubishka Kaisha [2006] UKHL 12

Period charterparty – clause allowing cancellation in the event of war – war unlikely at time of repudiation but occurring before arbitrator’s award – whether ‘available market’ rule applies and, if so, whether it extends to prevent cognisance of the occurrence of war and that the repudiator would have cancelled before the charter ran its course