What is the ratio in Maritime National Fish v Ocean Trawlers?

A party cannot rely on frustration to discharge contractual obligations where the frustrating event results from their own voluntary act or election.

What did the court decide in Maritime National Fish v Ocean Trawlers?

The Privy Council held the contract was not frustrated because the charterer's own decision in allocating limited licences caused their inability to use the vessel.

Why is Maritime National Fish v Ocean Trawlers important for contract law?

It established the principle of self-induced frustration, preventing parties from escaping obligations through their own choices and maintaining contractual certainty.

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