London Arbitration 9/15

Charterparty – Part cargo of condensed molasses soluble – Whether owners precluded from loading completion cargo of same product – Whether charter should be rectified – Whether owners in breach of charterparty – Damages – Charterers having difficulty in establishing quantum of loss – Whether charterers entitled to account of profits – Whether charterers entitled to Wrotham Park damages

The vessel was chartered on an amended molasses charterparty (IMOL 78) to carry a part cargo of condensed molasses soluble (CMS) from a named port in the Far East to a named port in Europe. Freight was payable at US$95 per mt.