London Arbitration 1/19
London Arbitration 1/19
“Charterers accepted that, in breach of an amended NYPE charter, they had loaded a prohibited cargo. However, Owners' claim for damages, namely the cost of extra time spent hold cleaning after redelivery of the vessel, failed. The Tribunal accepted Charterers' case that Owners were unable to formulate, particularise or prove any additional costs beyond the 'ILOHC' lumpsum provided in the charter. In particular there was no evidence as to the nature of the cleaning, nor any costs or losses associated with any missed follow-on fixture.”
Antonino Cordopatri
E. G. Arghyrakis & Co.
23rd January 2019