London Arbitration 19/14

Charterparty – Damages – Withdrawal of vessel for non-payment of hire and repudiatory breach – Quantum of owners’ claims for balance of hire, damages for repudiatory breach and stevedore damage

By an amended NYPE form charterparty dated 5 April the owners agreed to let, and charterers agreed to hire, two newbuildings for a period of about 35 months up to 37 months, the charterers having two additional optional periods (for each vessel) of 11 to 13 months, to be declared after the second and third year respectively.