Lloyd's Maritime Law Newsletter

Contract – Lay-up facility – Respondent’s vessels laid up at claimant’s facility – Respondent failing to pay lay-up fees and other costs – Claimant terminating agreement – Respondent failing to remove vessels from facility as required by agreement – Quantum of fees and costs payable to claimant – Meaning of expression “costs and expenses” – Whether respondent entitled to damages for breach of London arbitration agreement – Whether order should be made for removal of vessels from facility

Charterparty – Anticipatory breach – Damages – Time-charterers redelivering vessel early – Whether owners bound to give credit for value of vessel sold on repudiation for greater sum than value of vessel at contractual date of redelivery