Spar Shipping AS v Grand China Logistics Holding (Group) Co Ltd – QBD (Comm Ct) (Popplewell J) – [2015] EWHC 718 (Comm) – 18 March 2015

Charterparty – Owners withdrawing vessels on long-term time charter for failing to pay hire – Owners claiming damages for loss of bargain – Whether payment of hire was a condition of the charter – Measure of damages

The claimant (Spar), a Norwegian company, was the owner of three bulk carriers, Spar Capella, Spar Vega, and Spar Draco. By three charterparties dated 5 March 2010 on amended NYPE 1993 forms, the vessels were let on long-term time charter to Grand China Shipping (Hong Kong) Co Ltd (GCS).