GENCON - LAYTIME – DEMURRAGE – INTEREST – COSTS – ATTORNEYS’ FEES
This arbitration involves a claim by Linea Maritima, disponent owner of the MV SIDER BILBAO against Aerovolte and Cal-lxa for demurrage in the amount of $328,584.51, plus interest, attorneys’ fees, and costs, under a GENCON charterparty dated May 29, 2023. Between July and September 2023, the SIDER BILBAO completed eight voyages under the Charter. Demurrage incurred over this period totaled $478,398.48, of which Cal-lxa made a partial payment of $149,813.97, leaving an outstanding balance of $328,584.51.