London Arbitration 14/97

Charterparty anticipating that vessel would need to drydock during charter period - Vessel going off-hire as a result of drydocking for period exceeding 30 days - Whether charterers entitled to cancel charter pursuant to contractual provision

The vessel was chartered for a period of about 23 months on an amended NYPE form. The charterparty anticipated that the vessel would need to drydock during the period of the charter. In the event routine repairs involved a period of off-hire of more than 30 days. The charterers took the view that they were entitled to cancel the charterparty in accordance with clause 71 of the charter (see below), and they did so on 11 June.