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Commodities in Focus Weekly - Issue 110
Damages for late redelivery under a time charterparty – Hapag-Lloyd v (1) Skyros Maritime Corporation (2) Agios Minas Shipping Company [2024] EWHC 3139 (Comm)
In a recent Commercial Court case Hapag Lloyd AG v Skyros Maritime Corporation and another the Court was asked to consider whether owners of two vessels were entitled to substantial damages for late redelivery of the two ships under time charterparties, where there was no evidence that after timely redelivery, the owners could, or would, charter them out, and held that in such a scenario the owners were only entitled to nominal damages.
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