Tagged
London Arbitration 20/07
Charterparty – Speed and performance claim –Application of margin for “about” – Whether owners entitled to credit for underconsumption of bunkers –Exercise of lien over cargo – Whether lawful
(2007) 723 LMLN 3
The vessel was chartered on an amended NYPE form for a period of “minimum/maximum of 3/5 months in charterers’ option …”. Disputes arose under the charter. The charterers claimed US$179,778.36 comprising US$139,801.54 for alleged loss of time and over consumption of bunkers, and a further US$39,976.80 as alleged off-hire during a period when the owners refused to allow discharge to take place whilst purporting to exercise a lien for unpaid hire on the full cargo then on board.
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Michael Daiches, Barrister
Aug 1 2007
