ASBATANKVOY -- VESSEL COLLISION AND DECEPTIVE HANDLING -- DEADFREIGHT -- VETTING REJECTION -- COMMERCIAL DAMAGES -- Charterer Award
Without Charterer’s knowledge, the Vessel had suffered class-affecting damages while operating under a prior charter. As a result, the Vessel was rejected at discharge port by the Receiver’s vetting group and the Charterer was forced to make a distress sale at severe losses. Owner commenced arbitration proceedings to collect deadfreight and demurrage; Charterer counterclaimed for commercial losses.