Silverburn Shipping Co (IoM) Ltd v Ark Shipping Co LLC (The “Arctic”) – Court of Appeal (Gross, McCombe and Leggatt LJJ) [2019] EWCA Civ 1161 – 10 July 2019

Charterparty – Bareboat charter – Charterers contracting to maintain vessel and keep her “with unexpired classification of the class indicated in Box 10” – Whether classification obligation a condition or innominate term of charter – Whether owners entitled to withdraw vessel following expiry of class certificate

The claimants (the owners) were the registered owners of the vessel Arctic which was classed by Bureau Veritas (BV). On 17 October 2012 the owners let the vessel to the defendant charterers under a bareboat charterparty on the Barecon 89 form for a period of 15 years.