Korea Trade Review (무역학회지)

Korea Trade Research Association (한국무역학회)
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Study on Assessment of Damage arising from Breach of Contract for Early Redelivering Vessel of Time Charterers under International Contract of Transport by Sea

국제해상운송계약상 정기용선계약의 조기반선계약위반으로 인한 손해배상액의 산정문제에 관한 연구

  • Se-Hwan Joo (Department of International Trade, Gyeongsang National University) ;
  • Nak-Huyn Han (Department of International Trade and Logistics, Kyungnam University)
  • 주세환 (경상대학교 국제통상학과) ;
  • 한낙현 (경남대학교 국제무역물류학과)
  • Received : 2020.02.11
  • Accepted : 2020.02.26
  • Published : 2020.02.28
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Abstract

It is well-known that if a claim for damage [Note: Damage can be singular or plural] is made based on a breach of contract, calculating the existence and magnitude of certain profits to be deducted based on the damage can be problematic. In the case of a time charter party, even if the early redelivering vessel by the time charterers constitutes a breach of contract, it is still not an exception. In particular, interest in the shipping business seems to be relatively high in terms of how claims for damage by ship owners have been adjusted. In the case of the New Flamenco, there is a debate over whether or not to deduct the difference between the sale price immediately after redelivering the ship and the sale price upon expiration of the contract from the damage based on the breach of contract for the early time charter redelivery vessel. This paper focuses on this case since it appears to be of practical importance and has implications on how to calculate the amount of damage in the case of cancellation for early redelivery vessel in a time charter party.

Keywords

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