In an eagerly awaited decision the Supreme Court has ruled that a shipowner’s benefit from selling its vessel, following a time charterer’s repudiatory breach, was not to be taken into account when assessing the shipowner’s damages.
The Commercial Court has returned to the subject of shipbuilding contract warranty clauses and issued further guidance as to the proper interpretation of exclusions of consequential losses in that context.
The Supreme Court has upheld a Court of Appeal judgment confirming that there had not been a breach of a safe port warranty.
Five years on from when the London Maritime Arbitrators Association last amended its Terms, it has produced a new set, which will apply to arbitrations commenced on or after 1 May 2017.