Fairy Tale Shipping, Ltd. v. Stolt-Nielsen Parcel Tankers, Inc. (The “Altair”) – SMA No. 3388, 30 Sep 1997

ASBATANKVOY -- CARGO -- LOADPORT -- FIBER GRADE -- CHARTER PARTY -- LAYDAY -- Charterer Award The Vessel was chartered to load a cargo of corn oil at one loadport as well as a fiber grade cargo of ethylene glycol at another. However, the Vessel’s zinc tanks failed numerous inspections for the ethylene glycol and caused the Charterer to cancel the charter party on the grounds that the Vessel was unready to load within the given laydays.