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SILVERBURN SHIPPING (IOM) LTD v ARK SHIPPING CO LLC (THE “ARCTIC”)

Lloyd's Law Reports Plus

SILVERBURN SHIPPING (IOM) LTD v ARK SHIPPING CO LLC (THE “ARCTIC”)

[2019] Lloyd's Rep. Plus 43

QUEEN’S BENCH DIVISION (COMMERCIAL COURT)

Before Mrs Justice Carr

Charterparty (Bareboat) – Charterers contracting to maintain vessel and keep her “with unexpired classification of the class indicated in Box 10” – Whether classification obligation absolute or to reinstate expired class certificates within reasonable time – Whether classification obligation a condition or innominate term of charter – Whether owners entitled to withdraw vessel following expiry of class certificate.

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