London Arbitration 1/18

Charterparty – Non-payment of hire – Owners withdrawing vessel from charterers’ service – Anti-technicality clause – Whether withdrawal premature – Whether owners in repudiatory breach – Whether charterers entitled to balance of hire – Whether owners entitled to additional hire

On 24 July 2015 the subject vessel was chartered for a trip time-charter on the NYPE form of charterparty, 1946 version, with two loaded legs, plus a further loaded leg in charterers’ option, at a rate of US$7,950 per day and pro rata. The vessel was delivered to the charterers on 22 August 2015.