VEGOILVOY -- ARBITRATION -- CHARTER -- LOADPORT -- CHARTER PARTY -- CARGO -- VOYAGE -- DEADFREIGHT -- PAYMENT AND CALCULATION OF DEADFREIGHT -- Owner Award
The Owners brought arbitration against three separate Charterers in order to collect lost profits from an improper cancellation. Six days before arriving at loadport, the Owner received a message asking Him/Her to cancel the Charter Party because the cargo was unavailable. However, because voyage was underway and there was no locatable substitute cargo, the Vessel arrived, tendered NOR, and sailed with deadfreight.