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DMC/SandT/21/14
'''England'''
'''Regal Seas Maritime S.A. v Oldendorff Carriers GmbH & Co KG (The “New Hydra”)'''
'''English Commercial Court: Teare J: [2021] EWHC 566 (Comm): 11 March 2021:[[https://www.onlinedmc.co.uk/index.php/Regal_Seas_Maritime_v_Oldendorff_Carriers_-_The_New_Hydra]]
'''TIME CHARTER: RATE OF HIRE BASED ON AVERAGE OF LAST 15 DAYS’ PUBLISHED 4 TIME CHARTER ROUTES OF BALTIC CAPESIZE INDEX (“BCI”) PLUS 4% FOR VESSEL SIZE ADJUSTMENT: VESSEL WAS 179,258 DEADWEIGHT TONNES (“DWT”): BCI ‘BENCHMARK’ VESSEL WAS 172,000 DWT WHEN CHARTER AGREED: BCI ‘BENCHMARK’ VESSEL CHANGED TO 180,000 DWT DURING CHARTER PERIOD: WHETHER AN IMPLIED TERM THAT VESSEL SIZE ADJUSTMENT WOULD BE REASONABLY AMENDED IF ‘BENCHMARK’ VESSEL SIZE CHANGED DURING CHARTER PERIOD: SECTION 69 APPEAL ON POINT OF LAW UNDER ARBITRATION ACT 1996'''
DMC/SandT/21/13
