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Charterers order vessel to discharge port not named in bills of lading - Whether owners entitled to delay voyage until sufficiently indemnified

On 20 March 1981 owners time-chartered their vessel to charterers on an NYPE form for a trip always within IWL (subject to certain exceptions, including “Egypt except Suez Canal transit”) to West Africa, delivery to be at Antwerp and re-delivery in West Africa. The daily hire was $7,700. On the same day, the charterers sub-chartered the vessel to C Ltd. on the same terms. At the time of the fixture C Ltd. had possible outlets for the cargo both in Egypt and in Nigeria. At C Ltd.’s request, the charterers obtained the owners’ agreement to add an adddendum to the charterparty providing: