AWARD ON THE DISPUTE OVER CONTINUING PERFORMANCE OF SHIPBUILDING CONTRACT FOR VESSEL YC017 (HULL NO.8)

[2021] 4 CMCLR 63 (CMAC)

CHINA MARITIME ARBITRATION COMMISSION (SHANGHAI)

Shipbuilding Contract of Bulk Freighter of 79,600 Tons – Memorandum of Understanding (MOU) – Whether the provisions under the contract were clear and definite – Whether the contract was modified – Whether both parties reached an agreement in relation to price and the delivery date of the vessel – Whether the respondent was obliged to perform the original Shipbuilding Contract – Whether Article 78 of the Contract Law of the PRC was applied.