London Arbitration 10/23

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DAMAGES FOR REPUDIATORY BREACH – FIXING A SUBSTITUTE VESSEL BEFORE THE SUBJECT CHARTER– DETERMINING MARKET RATES FOR LOSSES – LOSSES RELATED TO STORAGE CHARGES AND PENALTIES DUE TO SWITCHING VESSELS A vessel was chartered for the transport of bulk wheat from a Black Sea port to a Turkish port under an amended SYNACOMEX 2000 form. A disagreement arose due to the charterers' failure to fulfill the contractual voyage, leading the charterers to claim US$90,829.99 in damages for a repudiatory breach.
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