KUWAIT ROCKS CO v AMN BULKCARRIERS INC (THE "ASTRA")

[2013] 2 Lloyd's Rep. 69

QUEEN'S BENCH DIVISION(COMMERCIAL COURT)

Before Mr Justice FLAUX

Charterparty (Time) - Hire - Owners withdrawing vessel for non-payment of hire - Whether obligation to make punctual payments of hire a condition - Whether charterers in repudiatory breach - Whether owners entitled to recover damages for loss of bargain - Whether compensation clause in charterparty addenda a penalty clause - New York Produce Exchange 1946 form, clause 5.