Lloyd's Maritime Law Newsletter
20/89
Time charter - Whether legitimate last voyage - Measure of damages
On 26 May 1971 the claimants chartered a vessel, then under construction, for a period of 10 years, 2 months more or less
in the claimants’ option. The ship was delivered under the charter on 14 June 1974. Acordingly, the claimants had the right
to re-deliver the ship to her registered owners at any time between 14 April and 14 August 1984. The rate of hire under that
charter was $2.70 per deadweight ton per calendar month.