Falcon Carrier Shipping, Ltd. v. ST Shipping and Transport, Pte. Ltd. and Glencore, Ltd. (The “Falcon Carrier”) – SMA No. 4217, 20 Sept 2013

SHELLTIME 4 -- TIME CHARTER -- OIL MAJOR APPROVALS -- WRONGFUL EARLY REDELIVERY -- MEASURE OF DAMAGES -- Owner Award At dispute is whether the Charterer’s clause requiring three Oil Major approvals throughout the duration of the time charter is ambiguous when blanket approvals are no longer given; and, whether Charterer’s early redelivery was wrongful.