“Claimant lay-up facility became involuntary bailee after termination of the lay-up agreement and should continue to provide services but was allowed to recover “costs and expenses”, which did not exclude indirect costs and a profit element.”

“Damages for repudiatory breach are calculated as the difference between the market and contract rates without taking into account actual events; but where there is no market, benefits like the profitable sale of the vessel are deemed to arise from the breach and the proceeds must be credited against the loss.”

“For the first time the Admiralty Court apportions, between 4 vessels, liability for a collision between a containership and a warship at the port of Mumbai, even though the two warships are not party to the English proceedings.”

“Although a substitute nomination is allowed under an FOB contract, such nomination is invalid unless the substitute vessel is itself nominated within the time limits stipulated.”