COM 123 Study Guide - Midterm Guide: Admiralty Law, Bloomsbury Publishing, Charter-Party

• School: University of Alabama
• Department: Communication Studies
• Course: COM 123

Document Summary

Golden strait corporation v nippon kubishika kaisha (the golden victory) Golden strait corporation v nippon kubishika kaisha, often referred to as "the golden victory," is a significant maritime law decision that addresses the idea of frustration in contract law. The case was heard in the house of lords (now the united kingdom"s supreme court) and has had a considerable influence on the meaning and application of frustration in commercial contracts. The case of golden strait corporation v. nippon kubishika kaisha (the golden victory) is a watershed moment in international maritime law (adam, 2023). It entailed a disagreement over the drafting of a time charter party agreement as well as the division of risks and obligations among the parties. The facts of the case were on a time charterparty agreement between golden strait corporation (the vessel"s owners) and nippon kubishika kaisha (the charterers).