When claiming damages for the loss of a charter, the market rate for a substitute charter ‘must be ascertained by postulating a charter-party which corresponds as closely as possible with the actual charter-party.’
Judges:
Lord Denning MR, Sir David Cairns
Citations:
[1977] 2 Lloyd’s Rep 1
Jurisdiction:
England and Wales
Cited by:
Cited – Transfield Shipping Inc v Mercator Shipping Inc (The Achilleas) HL 9-Jul-2008
The parties contracted to charter the Achileas. The charterer gave notice to terminate the hire, and the owner found a new charterer. Until the termination the charterers sub-chartered. That charter was not completed, delaying the ship for the . .
Lists of cited by and citing cases may be incomplete.
Damages
Updated: 05 May 2022; Ref: scu.270749