OCCIDENTAL WORLDWIDE INVESTMENT CORP. v. SKIBS A/S AVANTI, SKIBS A/S GLARONA, SKIBS A/S NAVALIS (THE "SIBOEN" AND THE "SIBOTRE")

[1976] 1 Lloyd's Rep. 293

QUEEN'S BENCH DIVISION(COMMERCIAL COURT)

Before Mr. Justice Kerr

Charter-party (Time) - Hire - Amount - Vessels chartered at rate of $4.40 per ton per month - Subsequent agreement by shipowners to reduce hire to $4.10 per month - Whether agreement induced by charterers' misrepresentation or made under duress - Remedies of shipowners. Charter-party (Time) - Withdrawal of vessels from service of charterers - Whether withdrawal justified. Charter-party (Time) - Frustration - Oil tankers chartered for world wide service - Vessels no longer needed by charterers because sources of supply of oil remained normal - Whether charter-parties frustrated.