OMAK MARITIME LTD v MAMOLA CHALLENGER SHIPPING CO (THE “MAMOLA CHALLENGER”)

[2011] 1 Lloyd's Rep. 47

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.