Singapore Arbitration 2/21

Charterparty – Readiness of vessel for delivery – Safe manning certificate – Termination – Duty to mitigate losses

The parties to this arbitration contracted into a Barecon 2001 charterparty dated 16 April for a term of three years from the date of delivery of a newbuilt multipurpose escort tug. The claimant was the owner of the tug while the respondent was the demise charterer.