A v B – QBD (Comm Ct) (Sir Ross Cranston sitting as a Judge of the High Court) [2018] EWHC 2325 (Comm) – 7 September 2018

Arbitration – Damages – Shipowners in breach of clause guaranteeing vessel’s approval by oil majors – Whether tribunal erred in awarding charterers loss of profits in addition to wasted costs – Whether damages ought to have been awarded on loss of chance principle

On4 July 2011 the vessel GA, a VLCC, was chartered by her owners (A) to charterers (B) on an amended Shelltime 4 form (the head charter). On the same day B sub-chartered the vessel to S Tankers Inc (the sub-charter) to enter a pool of similar tankers (the S pool).