Minerva Navigation Inc v Oceana Shipping AG (The “Athena”) – Court of Appeal (Tomlinson, Lewison and Underhill LJJ) [2013] EWCA Civ 1723 – 23 October 2013

Charterparty – Off-hire – Clause 15 of NYPE form – Whether vessel off-hire during period of drifting – Whether charterers suffered net loss of time

The vessel Athena was chartered by Minerva Navigation Inc as head owners to Oceana Shipping AG as charterers, who in turn sub-chartered her to Transatlantica Commodities SA. Both charterparties were on amended NYPE forms.