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.
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