Where, without lawful excuse, the shipowner fails to load the specified goods, two factors have to be taken into consideration in measuring the damages1, namely the value of the ship to the charterer and the value of the goods to the charterer.
So far as the value of the ship to the charterer is concerned, the measure of damages is the estimated amount of bill of lading freight which the charterer would have been able to obtain from shippers at the port of loading if the ship had been available at the proper time, less the amount of the chartered
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