Valeswood International Co., Ltd. v. Bear Stearns Ny, Inc. (The “Belle Haven”) – SMA No. 3307, 9 Oct 1996

ASBATANKVOY — VOYAGE — DEMURRAGE — TIME-BAR — ARBITRATION — SHIFTING TIME — Owner Award

The Charterer argued that the Owner’s six-year post voyage demurrage claim was time-barred and that the Owner was subsequently responsible for costs stemming from the untimely arbitration. But if the case was not deemed time-barred, then the Charterer asked for a demurrage reduction basis the “grossly excessive” shifting time.