A Case Study on the Recovery Criteria of Reliance Damage in Marine Transport Contract and Charterparty

Contracts bind the parties of a contract to the terms of the agreement. When one party breaches the contract, the other party can suffer losses and claim damages, to be recovered from the breaching person. To measure the damage, three measures are used: expectation damage, reliance damage (wasted ex...

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Bibliographic Details
Main Authors: Jung Sun Lee, Je Hyun Lee
Format: Article
Language:English
Published: Elsevier 2017-12-01
Series:Asian Journal of Shipping and Logistics
Subjects:
Online Access:http://www.sciencedirect.com/science/article/pii/S2092521217300640