| Award 1195

Award 1195 – Voyage charter – Discharging in Ivory Coast – European regulation forbidding any financial relationship with Ivory Coast authorities – Impossibility to perform – Ship Owner compensation (yes) – Unrecovered expenses (yes ) – Los to pportunity of profit (no). The voyage charter to Abidjan was contrary to European regulation, forbidding at the time any payment through the local authorities, rendering its execution impossible which vindicates the charterer’s decision to cancel the charter. However, as the charterer’s decision was not free from any mistake, the charterer must indemnify the ship owner for his unrecoverable expenses but not for his lost opportunity of profit.