AWARD ON THE DISPUTE OVER TERMINATION OF CONTRACTS FOR SALES, REFUND AND LIQUIDATED DAMAGES ETC. FOR M.V. “SUJIANNAN”, M.V. “SUGAOUOU 88” AND M.V. “YUANSHUN 168”

[2020] 4 CMCLR 73 (CMAC)

CHINA MARITIME ARBITRATION COMMISSION(SHANGHAI)

Three contracts for ship sales – Delivery and acceptance of vessel – Ship Certificate transfer – Whether it constituted a breach of contract, or a termination condition, if Ship Operating Certificate was not cancelled in a timely manner – Whether the seller had right to dispose in one of the three contracts, whether the contract for sales was valid – Whether liquidated damages should be paid – Contract Law of the People's Republic of China (the Contract Law).