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https://chambers.com/articles/early-redelivery
Nov 29, 2016 · The standard approach by the Courts for measuring damages for early redelivery is the difference between the charter rate and the market rate for the vessel, determined as at the date of the termination of the charter, for the unexpired term of the charter.
https://www.incegd.com/en/knowledge-bank/assessing-measure-of-damages-in-early-redelivery-case
Whilst the details of the assessment of damages in the Achilleas and the Great Creation are different, the result in both cases involved a confirmation that, in situations involving early redelivery or late redelivery, losses are payable for the actual underlap or overlap period in the orthodox way, as opposed to damages for the loss of a follow on fixture.
https://www.weightmans.com/insights/measure-of-damages-for-early-redelivery-under-a-time-charterparty/
Measure of damages for early redelivery under a time charterparty The court considered whether, following early wrongful termination of a time charter, the benefits to the owner arising from an immediate sale should…Author: Phil James
https://www.incegd.com/en/knowledge-bank/damages-for-early-redelivery-under-a-time-charter
In this case, the Commercial Court confirmed the standard approach for assessing damages for early redelivery under a sub time charter, as per the Elena D’Amico. Mr Justice Steel rejected an argument by the Sub-Charterers that, when assessing damages under the sub time charter, the Tribunal should have taken into account the fact that vessel was redelivered early under the head time charter.
https://www.internationallawoffice.com/Newsletters/Shipping-Transport/United-Kingdom/Wikborg-Rein/Early-redelivery-what-is-the-damage
Feb 25, 2015 · The standard approach by the courts for measuring damages for early redelivery is the difference between the charter rate and the market rate for the vessel (determined as at the date of termination of the charter) for the unexpired term of the charter. …
https://www.i-law.com/ilaw/doc/view.htm?id=172565
DAMAGES FOR LATE REDELIVERY The charterer’s obligations The principles which determine the date when the time charterer must redeliver the vessel to the owner can be briefly stated. First, where a time charter is for a stated period, the date for redelivery will generally be regarded as an approximate date unless there is clear * QC.
https://www.steamshipmutual.com/publications/Articles/Elbrus0210.html
i) The normal measure of damages for early redelivery is the difference between the contract rate and the market rate as at the date of breach. ii) There was no available market. iii) In those circumstances the measure of damage is the sum that would put the owners in the same financial position as if the charter had been performed.
https://www.shiplawlog.com/2016/03/02/mitigation-and-the-assessment-of-damages-on-early-redelivery-the-new-flamenco-2/
Mar 02, 2016 · Key principles: mitigation and the assessment of damages on early redelivery (a) Available Market Where a vessel is redelivered early under a time charter and there is an available market, the owner is normally required to mitigate its loss by going into the market for a substitute charter as soon as is reasonable after the original charter came to an end.
https://www.ukpandi.com/knowledge-publications/article/redelivery-under-time-charters-1485/
Feb 14, 2001 · The standard approach in an underlap case is that hire is awarded up to the earliest time redelivery is permitted under the charter. In the case of overlap, Owner will be awarded damages based upon the charter hire for the period of the charter (including implied or express margins),...
http://www.gard.no/web/updates/content/20734097/english-law-early-re-delivery-under-a-time-charter
English law – Early re-delivery under a time charter In a case involving early re-delivery the English High Court has allowed owners to affirm the charterparty and hold the charterers liable for hire for the balance of the minimum period of the contract.
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