Odfjell Tankers AS v. Royal Petroleum Corp. (The “Bow Power”) – SMA No. 4029, 17 Apr 2009
ASBATANKVOY — FAILURE TO PROVIDE CARGO — LOSS OF PROFITS — FRESHWATER EXPENSE — Owner Award
The Charterer failed to provide any cargo whatsoever, and the Panel determined how to assess Owner’s damages for lost profits. Additionally, the Panel ruled on how to compensate Owners for the Vessel’s long wait at anchorage subsequently requiring her to shift to berth for freshwater.
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