London Arbitration 1/07
ARBITRATION — BUNKERS — CONSUMPTION — CHARTER — PERFORMANCE WARRANTY CLAUSE — Owner Award
In this time-charter contract, the Vessel had under-consumed its allotted bunkers because of slow steaming. The difference in the allotted and actual consumption would be paid to the Owners; however, due to vague language in the charter, the amount of under-consumption was under dispute in arbitration.
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