Eitzen Bulk AS v. TTMI SARL (The “Bonnie Smithwick”) – QBD (Comm. Ct.), 14 Feb 2012

SHELLTIME 4 — BUNKERS ON REDELIVERY — MEANING OF “PRICE ACTUALLY PAID” — CHARTER CONSTRUCTION — Owner Award

The Vessel was sub-chartered by the Charterer back to the Head Owner for a time period constituting the remainder of the head charter. Vessel redelivery would thereby take place simultaneously under the sub-charter and head charter, however, the proper bunker prices that each party was liable for at redelivery was up for contention.