KUWAIT ROCKS CO v AMN BULKCARRIERS INC (THE "ASTRA")

[2013] Lloyd's Rep Plus 42

QUEEN’S BENCH DIVISION (COMMERCIAL COURT)

Before Mr Justice Flaux

Charterparty (Time) - Hire - Owners withdrawing vessel for non-payment of hire - Whether obligation to make punctual payments of hire a condition - Whether charterers in repudiatory breach - Whether owners entitled to recover damages for loss of bargain - Whether compensation clause in charterparty addenda a penalty clause - New York Produce Exchange 1946 form, clause 5.