London Arbitration 1/11

(2011) 817 LMLN 2

Charterparty - Redelivery - Charterers having option to add any off-hire period to basic charter period - Clause 13 of printed NYPE form deleted - Vessel off-hire for 159 days - Vessel re-delivered outside basic charter period - Whether charterers required to expressly exercise option to add off-hire - Whether option in fact exercised - Whether charterers in breach of charter in failing to redeliver vessel within basic charter period

The vessel was chartered out by disponent owners (“owners”) on the NYPE 1946 form as amended for a period of 13-15 months, 15 days more or less at the charterers’ option. Redelivery was to take place on dropping outward sea pilot in a number of ranges, one of which included Antwerp. The vessel was delivered into the charterers’ service at 0100 UTC on 14 September 2006.