London Arbitration 7/18

Charterparty – Owners refusing to load cargo of iron ore fines – Whether owners in breach of charter – Time of delivery under charter – Whether vessel off hire – Whether owners entitled to damages for wrongful redelivery

The subject vessel was fixed under a NYPE form as amended for a time charter trip. In the event, the owners refused to load the charterers’ cargo of iron ore fines, and the charter was never performed. As a result, the owners advanced a claim for unpaid hire and bunkers in the sum of US$145,965.03, alternatively damages, and also damages for wrongful redelivery.