OMAK MARITIME LTD v MAMOLA CHALLENGER SHIPPING CO (THE "MAMOLA CHALLENGER")

[2010] Lloyd's Rep Plus 93

QUEEN’S BENCH DIVISION (COMMERCIAL COURT)

Before Mr Justice Teare

Charterparty (Time) - Damages - Charter prematurely repudiated by charterers - Owners claiming damages by reference to wasted expenditure - Owners earning more from substitute fixtures than would have been earned under time charter - Owners sustaining no net loss - Whether owners nevertheless entitled to recover wasted expenditure as reliance loss.