The Court of Appeal decision in SPAR SHIPPING: Defining an owner’s remedies for non-payment of hire and resolving the ASTRA

The Court of Appeal handed down judgment today (7th October 2016) in Grand China Logistics Holding (Group) Co Ltd v Spar Shipping AS [2016] EWCA Civ 982 rejecting a charm by unsuccessful time charterers. In doing so, it established the controversial concern of whether a charterer’s failing to pay an instalment of hire punctually and also …