The phrase 'expected ready to load' by a specified date does not import an absolute obligation that the vessel will be so ready on or about the date stated. It amounts to an undertaking that, in view of the facts known to the shipowner at the time of the making of charterparty, he honestly entertains the expectation that the ship will be so ready to load and that such expectation is based on reasonable grounds1. Whether or not such expectation is based on reasonable grounds is a question of degree2. Such an undertaking amounts to a condition of the
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