Ship owners let the vessel, Hongkong fir, to charterers for a period of 24 months. Clause 1 of the contract obliged the owners to deliver a “seaworthy” vessel and Clause 3 further obliged them to maintain the vessel’s seaworthiness and good condition. Upon initial delivery, the vessel’s machinery was … See more The questions arose as to (1) whether the seaworthiness obligation constituted a ‘condition’ of contract, the breach of which entitles the party to repudiate; and (2) whether the breach caused delays of a sufficient degree so … See more Firstly, the Court held that in order to construe whether a contractual clause constitutes a condition precedent, the breach of which … See more WebSociedad Anónima (Corporation), Valid. Date of incorporation. Thursday, July 13, 1995 (3 decades ago) Record last updated. Sunday, November 2, 2014 12:23:19 AM UTC. …
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