Sail Labrador Ltd. v. The "Challenge One", [1999] 1 SCR 265

In Charters of Ships on (Updated )

This was an appeal from the Federal Court of Appeal. The Appellant/Plaintiff had entered into a 5 year charter party with the Respondent/Defendant. The terms of the charter party included an option to purchase the vessel at the end of the five year term subject to "full performance" of its obligations under the charter party. Clause 10 of the charter …

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