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Shipowner signed a trip time charterparty with Charterer with a hire rate of US$10,000 per day for a single trip from Hong Kong to Japan.
Shipowner signed a trip time charterparty with Charterer with a hire rate of US$10,000 per day for a single trip from Hong Kong to Japan. The normal time from Hong Kong to Japan would be about 2 months. Due to Covid-19, all the world hire rates are increasing 50% (US$15,000 per day). Charterer continued occupy the ship for more than 2 years. Explain whether Shipowner sue Charterer for the following amount (US$10,000 for 2 months and US$15,000 for 22 months)?
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