Supreme Court Clarifies Termination of Bareboat Charters and Sister-Ship Arrests Under Admiralty Act

Highlights of the Judgment:
- Interpretation of Section 5(1)(b) and 5(2) of the Admiralty Act, 2017 regarding sister-ship arrests.
- Examination of whether physical re-delivery is a condition precedent to the termination of a bareboat charterparty.
- Analysis of standard BIMCO BARECON 2017 contract clauses concerning termination and the status of a charterer as a gratuitous bailee pending repossession.
- Evaluation of foreign jurisprudence on maritime charter terminations and vessel arrests.