Falkonera Shipping Co. v. Arcadia Energy Pte. Ltd. (The “Falkonera”) – QBD (Comm. Ct.), 20 Dec 2012

BPVOY 4 — SHIP-TO-SHIP TRANSFER — BPVOY4 CLAUSE 8 LANGUAGE –VLCC-TO-VLCC TRANSFER — OWNER RIGHT OF REFUSAL — Charterer Award

Charterer instructed the VLCC vessel to discharge to two other VLCC’s (floating storage units) via a ship-to-ship transfer. The Owner withheld their approval of the Vessels and Charterer was forced to lighter to smaller vessels instead. Charterer argued that the Owner had breached the charter by wrongfully withholding their approval.