London Arbitration 29/16

Charterparty – Damages – Disponent owners terminating long-term time charter for charterers’ failure to pay hire – Head owners terminating head charter and withdrawing vessel for failure to pay hire – Whether charterers entitled to avoid paying damages on basis that withdrawal of vessel prevented further performance by disponent owners – Measure of damages

Having determined the issue of liability (see London Arbitration 28/16) the tribunal proceeded to determine the issue of the measure of the damages, if any, recoverable by the owners from the charterers in respect of the charterers’ repudiatory and renunciatory breaches of the subject charter.