A recent judgment of the English courts clarified how contractual terms in charterparties are to be interpreted in relation to background, context, wording and commercial common sense and held that the particular contractual obligation to maintain a vessel’s classification status and certificates was absolute in nature.
In Silverburn Shipping (IoM) Ltd v Ark Shipping Co LLC[1], the court dealt with an appeal against a partial final award of a London Maritime Arbitrators Association (LMAA)...