320. Glory Wealth Shipping Pte Limited v Korea Line Corporation (The “M.V Wren”) [2011] EWHC 1819 (Comm)

Measure of damages – repudiation of time charterer – no time charter market for unexpired period of charter – effect of revival of market during course of unexpired period.

 

The facts and issues

The charterparty, on an amended NYPE form for a minimum of 36 months to a maximum of 38 months at US $39,800 per day, was repudiated by charterers five months into the charter.

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