SOCIETE ANONYME MARITIME ET COMMERCIALE v. ANGLO-IRANIAN OIL COMPANY, LTD.
[1954] 1 Lloyd's Rep. 1
COURT OF APPEAL.
Before Lord Justice Somervell, Lord Justice Birkett and Lord Justice Romer.
Charter-party-Substitution of chartered vessel- Time-charter for series of voyages-Owners given option to substitute "vessel of similar size and position at any time before or during this charter-party" - Extent of option - Ambiguity-Right to substitute more than once.