SupplyTime2005/Owner terminates contract due to delayed payment

Patricklee

Contract is standard Supply Time 2005;
3 years firm period;
only 1 year execution, charterers do not pay hire without any reasons;
Owner terminated contract finally.
my question is how much owner can claim for loss? can owner claim the rest 2 year profit?

many thx

Patricklee

no one is interest in this case? welcome clarifications.

Patricklee

3# 艨艟剑客

thx a lot.
we are under negotiation of new project currently. Even though we entered new contract later, i don't think we can claim the full hire of the idle period from contract termination until new contract signed. Because the condition of day rate is the 24hrs employment of vessel. I suppose we may get some compensation as profits as if the charter part was not terminated.

pleasure to hear yours.