VTC v. PVS – QBD (Comm. Ct.), 26 Apr 2012

SHELLTIME 4 -- TIME CHARTER -- CHARTER BREACH -- CANCELLATION -- CARGO TANK DEFINITION -- Owner Award Charterer deducted hire basis a crack in the slop tank necessitating repairs and causing their sub-charterer to cancel a voyage charter. Owner contends that the time charter clause governing tank suitability is restricted to cargo tanks, pumps, and lines, and therefore, does not include the Vessel’s slop tanks.