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Hire Suspended for Vessel Seized by Pirates
The Commercial Court dismissed a shipowners’ claim for hire exceeding USD 4.5 million for the period that the vessel ‘Eleni P’ was seized and detained by Somali pirates in the Arabian sea. In this decision the court applied fundamental principles of contractual construction in a time charter context. The vessel was captured by pirates during a sub-time charter trip as it navigated the Arabian Sea and held for seven months. The owners issued arbitration proceedings for approximately USD 5.6 million, the majority of which was for hire whilst the vessel was seized. Clauses 49 and 101 of the time charter, which was on an amended NYPE 1946 form, provided as follows: https://www.hellenicshippingnews.com/hire-suspended-for-vessel-seized-by-pirates/
Beached
beached at Chittagong 28.01.17
arrived Chittagong anchorage
arrived Chittagong anchorage 17.01.17
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