Opinion ID: 197477
Heading Depth: 4
Heading Rank: 1

Heading: gross freight in the amount of $67,000, returned to shippers upon demand;

Text: 76 (2) canceled bills of lading issued in Guatemala, representing $118,000 of freight charges for three voyages; 77 (3) freight charges [of $71,175] on southbound cargo received in Port Everglades, eventually returned to shippers; 78 (4) net loss of $3,377 over $26,000 worth of freight rerouted through another steamship line providing service to Guatemala. 79 From this Gross Loss of $259,552, the court subtracted charter hire expense of $57,600 and fuel expense of $19,000. The Net Loss was $182,952, and the court awarded damages in this amount. 80 That the court subtracted charter hire and fuel expense from the sub-total seems to indicate that, despite its choice of words, the court did not see the award as one of lost revenues per se. 81 However, a radically different conception of Navieros's lost profits is found in William Coleman's deposition. Coleman stated that Navieros expected to make $28,500 in profits from the shipping of cargo under the M/V VASILIA EXPRESS charter (this estimate included the exercise by Navieros of its option on a third round-trip). 82 Kenneth Coleman also testified at trial that Navieros charters approximately 50 voyages per year and that Navieros's 1995 net profits were roughly $495,000. The average profit per voyage is thus just under $10,000. Given this, it is hard to understand how the loss of the three M/V VASILIA EXPRESS voyages caused $182,952 in lost profits. 83 Because it is unclear on what basis the district court calculated lost profits, we vacate the damages award and remand the question of Navieros's damages to the district court for clarification.