Lloyd's Maritime Law Newsletter

Contract – Shipbuilding contract – Buyer cancelling contract for delay in delivery exceeding 210 days – Seller contending that delivery date had been extended and that buyer’s cancellation constituted renunciation of contract – Whether delivery date extended – Whether contract validly cancelled by buyer

Charterparty – Hold cleaning – Charterers breaching charter by carrying prohibited cargo on final voyage – Owners cleaning holds following redelivery and claiming compensation based on daily hire rate – Whether owners entitled to damages

Arbitration – Costs – Tribunal indicating in original award that it considered outcome to be a draw and that each side should bear own costs – Tribunal subsequently being informed of attempts to settle – Owners had made settlement offer marked “without prejudice” but omitting “save as to costs” – Charterers had rejected offer – Tribunal’s original award was in favour of charterers but in lesser amount than that offered by owners – Owners inviting tribunal to reconsider order for costs – Whether tribunal entitled to take account of owners’ offer in determining incidence of costs – Appropriate order for costs