Ruling could give time charter owners wriggle room on maintenance of class
The recent High Court decision that there is no absolute obligation to maintain class under bareboat contracts is likely to apply to time charters as well, according to the lawyer who acted for the winning side
‘What has been clarified is that if you fail to fulfil the obligation and there is no serious damage caused to anybody, it will not entitle the other party to cancel the contract,’ says Menelaus Kouzoupis
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