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Shipping – Charterparty. The proceedings concerned a voyage charterparty made on the BEEPEEVOY 3 form. Clause 17 of the charterparty made provision for a laycan period. Clause 24 of the charterparty gave the charterers, after any load or discharge port or place had been nominated, a liberty to vary such port or place. While the vessel was on its way to the first load port, the charterers cancelled the charterparty. A dispute arose as to whether the charterers had a right to cancel. The tribunal found for the owners. The Commercial Court dismissed the charterers' appeal, and held that the tribunal had not erred in reaching the conclusion that it had done.
Shipping – Charterparty. The proceedings concerned a voyage charterparty made on the BEEPEEVOY 3 form. Clause 17 of the charterparty made provision for a laycan period. Clause 24 of the charterparty gave the charterers, after any load or discharge port or place had been nominated, a liberty to vary such port or place. While the vessel was on its way to the first load port, the charterers cancelled the charterparty. A dispute arose as to whether the charterers had a right to cancel. The tribunal found for the owners. The Commercial Court dismissed the charterers' appeal, and held that the tribunal had not erred in reaching the conclusion that it had done.
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