London Arbitration 5/18

London Arbitration 5/18

“A time charter clause provided for charterers to reimburse a capped amount for extra insurances incurred by owners "for transit from Yanbu to India"; owners contended that the part of the premium attributable to calls in both places fell outside the cap and was payable on top. The Tribunal held that "transit" here included both port calls and the time in motion in between and so the corresponding premium fell within the cap.”

Louise Glover
E. G. Arghyrakis & Co.
14th February 2018