The vessel was chartered on an amended Baltime 1939 form for a period of six months plus or minus 15 days in charterers’ option. For her first voyage, the charterers had sub-chartered the vessel for the carriage of a cargo of bagged cement from Antalya, Turkey, to Matadi in the Democratic Republic of Congo.
The vessel, a VLCC, was chartered for a voyage which included discharging at Caofeidian, China. Freight was to be payable at the rate of WS160.
The vessel was time chartered by her registered owners (“the owners”) to C1, who in turn sub-chartered her to C2, who in turn sub-sub-chartered her to C3 (“the charterers”) for a trip.
The claimant charterers chartered the vessel Amplify from the defendant owners under a charterparty on an amended Sugar Charter Party 1999 form dated 30 July 2009 for a voyage from Santos, Brazil to India.
The vessel was chartered on the Gencon form for the carriage of 35,000 mt iron ore fines in bulk from Haldia and Krishnapatnam in India to, in the event, Luoyuan in China.
Disputes arose between shipowners and cargo owners under a bill of lading issued in respect of cargo carried onboard the vessel Christian D following the grounding of the vessel in Romanian waters and the subsequent declaration of General Average.
On 31 March 2009 the first defendant (“B”) commenced arbitration against the claimants (“A”), pursuant to the Rules of the London Court of International Arbitration (“LCIA”) alleging breaches of a share and purchase agreement.
By a charterparty dated 4 April 2008 (“the April charterparty”) the claimant owners chartered the reefer vessels Almeda Star and Avelona Star to Kalistad Ltd (“the charterers”).
The claimant buyers contracted with the respondent sellers to purchase the sellers’ vessel for US$26.55 million.
The claimant (“Sovarex”) contended that it concluded a contract with the respondent (“Alvarez”) by which Sovarex agreed to sell to Alvarez 5,000 mt of sunflower seeds.
