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Minerva Navigation Inc v Oceana Shipping SA, Oceana Shipping SA v Transatlantica Commodities AG, (“The Athena”) [2013] 2 Ll. Rep. 673

On the 7th April 2014, the Supreme Court refused the application by the Owners of the “Athena” for permission to appeal against the Court of Appeal’s decision that, when determining whether there has been a net loss of time for the purposes of clause 15 of the NYPE form of time charter, the relevant enquiry is whether there has been a net loss of time in performing the service immediately required of the vessel by the Charterers.  Michael Nolan acted for the successful Charterers.

 

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