London Arbitration 11/18

London Arbitration 11/18

“A dispute arose under a Shelltime 4 charter following a claim by cargo receivers at Aqaba that the cargo was off-spec. Although the Tribunal found that (i) the receivers' claim was neither against Owners nor one in rem (ii) the cargo had been off-spec prior to loading, it held that it was nevertheless Owners' obligation to secure the release of their detained Vessel. In the circumstances however the Tribunal found that the 21 day delay pending provision of security was not unreasonable and the Vessel was not off-hire during this time.”

Antonino Cordopatri
E. G. Arghyrakis & Co.
04th April 2018