London Arbitration 20/17

London Arbitration 20/17

“A time charter provided for a period of "minimum 4/maximum 6 months". Charterers, who wished to redeliver later, relied on the fixture recap which had specified a pro forma fixture "amended logically as per these main terms"; the pro forma had been for "a period of 6 months....always 15 days more or less in charterers' option." The Tribunal held that "minimum 4/maximum 6 months" was a main term and thus replaced the duration provision in the pro forma in its entirety.”

Louise Glover
E. G. Arghyrakis & Co.
09th August 2017