London Arbitration 15/16

TIME CHARTER - DEFINITION OF REDELIVERY - WHETHER REDELIVERY MUST STRICTLY ADHERE TO CHARTERPARTY TERMS - WHETHER VESSEL IN FACT REDELIVERED TO OWNER Under a time-charter, Charterer and Owner disputed the redelivery of a vessel. An arbitration panel determined the legal test in respect of redelivery and applied the facts surrounding the case. Albeit not redelivered as stipulated within the charter, the panel majority concluded the ship had been properly redelivered but Owner applied for permission to appeal the ruling to the High Court.