Maritime Risk International
The cost of losing out
Kevin Oram, of Barlow Lyde & Gilbert LLP, reviews the UK Court of Appeal ruling on the calculation of damages for the loss of a fixture
On 11 December 2002
Front Ace was fixed out to Chevron Tankers at a freight rate of WS125 for a voyage from 1/3 ports in the Arabian Gulf to 1/2 discharge
ports in the Singapore, Thailand or Philippines range.