942 LMLN 2 - London Arbitration 1/16 [2016]

Claimant lay-up facility became involuntary bailee after termination of the lay-up agreement and should continue to provide services but was allowed to recover “costs and expenses”, which did not exclude indirect costs and a profit element.
Respondents entitled to recover the costs of the foreign proceedings brought in breach of the arbitration agreement; the Tribunal made no finding as to whether they could make an order for the removal of the vessels pursuant to section 48(5) of the Arbitration Act.