Alpaca Shipping Corp. v. Grupo Primex SA de CV (The “Artesia”) – SMA No. 3713, 21 Dec 2001

SHELLTIME 3 — ARBITRATION — BUNKER — TIME CHARTER — TIME-BAR — RECAP — Partial Owner Award

The primary dispute at arbitration was the proper assessment of bunker consumption and speed allowances in a time charter contract. Because the Vessel exceeded these recap minimums, the Owner demanded reimbursement. However, the Charterer argued that the claim was time-barred, but in response submitted a counterclaim for pumping deficiencies.