London Arbitration 11/18

Charterparty – Redelivery – Charter providing for vessel to be redelivered “med/black sea” – Whether charterers entitled to redeliver vessel in Sea of Marmara Charterparty – Off hire – Vessel detained as a result of in personam legal proceedings brought by cargo receivers against charterers – Whether detention attributable to “legal action against … vessel ... or Owners” – Whether detention brought about by act or neglect of charterers – Whether owners’ failure to put up security broke chain of causation – Whether vessel off hire – Whether owners entitled to indemnity from charterers

The subject vessel was chartered by her owners (the owners) to a company (the head charterers) on an amended Shelltime 4 form for a time charter trip carrying cargoes of palm oils from the Far East to/via various safe ports and berths, for a period of between 40 to 75 days, with redelivery on dropping outward pilot “med/black sea”.