Arcadia Petroleum Ltd. v. Sun International Ltd. (The “Madelaine”) – No. 05-1259. 3rd Circuit, 18 Aug 2006
ASBATANKVOY — CHARTER PARTY — DEMURRAGE — TIME BAR — Charterer Award
A clause in this case’s Charter Party stated that all claims become void unless arbitration begins within one year post-voyage. But after reaching a subsequent demurrage agreement with the Charterer within the specified timeframe, the Owners began arbitration several years later stating that this informal agreement constituted a recognizable second contract.
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