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Andrew Baker QC & Malcolm Jarvis (instructed by Ince & Co.) for the Claimant David Allen QC & Michael Collett (instructed by Clyde & Co.) for the Defendant Hearing dates: 23rd, 24th and 25th March 2010 ____________________
The resolution of this issue does not determine the question whether FMG was in repudiatory breach but nonetheless provides an important background to the written exchanges.
a) For how many days would the vessel have been trading during the remainder of the Charterparty?
b) What daily income would Zodiac have earned during the remainder of the charterparty?
c) Was there an available market on which the vessel could have been fixed until May 2013 on or shortly after 9 January 2009, alternatively on or shortly before 26 June 2009, alternatively at some later date and, if so, what was then the market rate for a fixture on the same or similar terms (save as to rate) as the charterparty?
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Common Room
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