B.S. & N. LTD. (BVI) v. MICADO SHIPPING LTD. (MALTA) (THE “SEAFLOWER”)

[2000] 2 Lloyd's Rep. 37

QUEEN’S BENCH DIVISION(COMMERCIAL COURT)

Before Mr. Justice Timothy Walker

Charter-party (Time) - Termination - Repudiatory breach - Misrepresentation - Major approvals clause - Owners to obtain approval for vessel from major oil companies - Whether owners’ failure to obtain Exxon approval a repudiatory breach - Whether misrepresentation that Exxon approval would be obtained in 60 days and vessel approved for carriage of BP products - Whether charter would have terminated with loss of Mobil approval - Whether owners entitled to damages for wrongful termination.