London Arbitration 12/11

Charterparty – Time charter terminated by owners for repudiatory breach – Vessel at sea carrying cargo on date of termination – Whether owners entitled to quantum meruit for carrying and discharging cargo subsequent to termination

The vessel was chartered on an amended Baltime 1939 form for a period of six months plus or minus 15 days in charterers’ option. For her first voyage, the charterers had sub-chartered the vessel for the carriage of a cargo of bagged cement from Antalya, Turkey, to Matadi in the Democratic Republic of Congo.