Arbitration 28/17 (2017) 989 LMLN 2

Arbitration 28/17 (2017) 989 LMLN 2

“Owners settled a cargo claim in respect of shortage, wet and other damage to bagged rice and claimed a full indemnity from Time Charterers on the basis that the bills, incorporating a sub-charter, had exposed them to more onerous terms than the t/c. The Tribunal declined to hold that the material terms of the bills had exposed Owners to this cargo claim and instead applied the Interclub Agreement 50% apportionments with each party bearing its own costs of the reference.”

Louise Glover
E. G. Arghyrakis & Co.
01st November 2017