Stolt Tankers, Inc. v. Clarissa Shipping Co. Ltd. (The “Lacerta”) – SMA No. 3515, 5 Mar 1999

SHELLTIME 3 — VOYAGE — CARGO — CONTAMINATION — SALVAGE — TIME-BAR — COSGA — Partial Owner Award

At some point along the voyage, the cargo had become contaminated and had to be sold as salvage at a great loss to the sub-charterers. The Charterers presented a timely claim to the Owners and communication about reimbursement continued between parties over the next year until the Vessel Owners declared the claim time-barred under COSGA.