Handy Tankers K/S v. Citgo (The “Magpie”) – SMA No. 3948, 6 Nov 2006

PUMP WARRANTY -- DELAY -- DISCHARGE -- INTERPRETATION -- INTEREST ON UNCONTESTED DEMURRAGE -- Owner Award At discharge, the Vessel failed to meet the 100 PSI pump warranty, which thereby faulted the Owners for subsequent delays. Because the 100 PSI limit was not reached, the Charterers argued that any time over 24H was delay time. The Owners, on the other hand, felt that this method did not accurately interpret the clause’s definition of true Vessel underperformance delays.
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